Advisors Asset Management Inc. Acquires 11,524 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Advisors Asset Management Inc. raised its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) by 66.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,935 shares of the financial services provider’s stock after acquiring an additional 11,524 shares during the period. Advisors Asset Management Inc.’s holdings in New York Community Bancorp were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NYCB. Truist Financial Corp bought a new stake in shares of New York Community Bancorp during the 1st quarter valued at $128,000. Mutual of America Capital Management LLC increased its position in shares of New York Community Bancorp by 2.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 424,049 shares of the financial services provider’s stock valued at $4,546,000 after buying an additional 8,156 shares in the last quarter. National Asset Management Inc. increased its position in shares of New York Community Bancorp by 70.3% in the 1st quarter. National Asset Management Inc. now owns 24,641 shares of the financial services provider’s stock valued at $265,000 after buying an additional 10,173 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of New York Community Bancorp by 21.9% in the 1st quarter. Capital Investment Advisory Services LLC now owns 12,426 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,235 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of New York Community Bancorp by 67.3% in the 1st quarter. International Assets Investment Management LLC now owns 99,226 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 39,925 shares in the last quarter. Institutional investors own 62.84% of the company’s stock.

New York Community Bancorp Price Performance

Shares of NYSE NYCB opened at $9.36 on Monday. The firm has a market cap of $4.36 billion, a PE ratio of 7.49, a PEG ratio of 0.74 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.21. New York Community Bancorp, Inc. has a 1-year low of $8.17 and a 1-year high of $13.56. The company has a fifty day moving average price of $9.03 and a 200 day moving average price of $9.45.

New York Community Bancorp (NYSE:NYCBGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). New York Community Bancorp had a return on equity of 10.10% and a net margin of 33.12%. The business had revenue of $343.00 million for the quarter, compared to analyst estimates of $354.48 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that New York Community Bancorp, Inc. will post 1.26 earnings per share for the current fiscal year.

New York Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.26%. New York Community Bancorp’s dividend payout ratio is 54.40%.

Analyst Upgrades and Downgrades

NYCB has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on shares of New York Community Bancorp to $9.00 in a research report on Thursday, October 13th. Compass Point lowered their price objective on shares of New York Community Bancorp to $10.00 in a research report on Thursday, October 20th. Wedbush restated a “neutral” rating and issued a $10.00 price objective on shares of New York Community Bancorp in a research report on Wednesday, September 28th. Finally, StockNews.com initiated coverage on shares of New York Community Bancorp in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, New York Community Bancorp presently has an average rating of “Hold” and a consensus price target of $9.83.

Insider Transactions at New York Community Bancorp

In other news, Director Marshall Lux bought 6,000 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were bought at an average cost of $8.63 per share, with a total value of $51,780.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $51,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.58% of the company’s stock.

About New York Community Bancorp

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New York Community Bancorp, Inc operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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

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