Prudential Financial Inc. lowered its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 290,556 shares of the financial services provider’s stock after selling 21,600 shares during the period. Prudential Financial Inc.’s holdings in New York Community Bancorp were worth $2,734,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NYCB. First Mercantile Trust Co. grew its holdings in New York Community Bancorp by 129.6% during the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,750 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in New York Community Bancorp during the fourth quarter valued at approximately $58,000. ETF Managers Group LLC grew its holdings in New York Community Bancorp by 21.4% during the fourth quarter. ETF Managers Group LLC now owns 10,492 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 1,847 shares during the last quarter. Lido Advisors LLC acquired a new position in New York Community Bancorp during the third quarter valued at approximately $114,000. Finally, Glenmede Trust Co. NA acquired a new position in New York Community Bancorp during the third quarter valued at approximately $114,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

NYCB opened at $12.03 on Friday. New York Community Bancorp, Inc. has a 1-year low of $8.61 and a 1-year high of $14.31. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $5.62 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. The company had revenue of $270.31 million during the quarter, compared to analysts’ expectations of $270.24 million. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, sell-side analysts predict that New York Community Bancorp, Inc. will post 0.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 11th. This represents a $0.68 annualized dividend and a dividend yield of 5.65%. New York Community Bancorp’s dividend payout ratio is 86.08%.

NYCB has been the topic of several analyst reports. UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $15.00 in a report on Wednesday, February 6th. Zacks Investment Research downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Credit Suisse Group reiterated a “hold” rating and set a $11.00 price target on shares of New York Community Bancorp in a report on Monday, January 7th. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, January 30th. Finally, Barclays downgraded New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.85.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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