Cambridge Investment Research Advisors Inc. Raises Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,684 shares of the financial services provider’s stock after purchasing an additional 11,233 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in New York Community Bancorp were worth $943,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Swiss National Bank increased its holdings in New York Community Bancorp by 48.3% during the 4th quarter. Swiss National Bank now owns 1,642,607 shares of the financial services provider’s stock worth $14,126,000 after purchasing an additional 535,107 shares during the period. New Mexico Educational Retirement Board increased its holdings in New York Community Bancorp by 45.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 106,900 shares of the financial services provider’s stock worth $919,000 after purchasing an additional 33,500 shares during the period. First Trust Advisors LP boosted its position in shares of New York Community Bancorp by 30.2% during the 3rd quarter. First Trust Advisors LP now owns 4,899,761 shares of the financial services provider’s stock worth $41,795,000 after acquiring an additional 1,135,590 shares in the last quarter. Echo Street Capital Management LLC acquired a new position in shares of New York Community Bancorp during the 3rd quarter worth about $272,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter worth about $249,000. Hedge funds and other institutional investors own 63.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NYCB shares. StockNews.com raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Keefe, Bruyette & Woods raised New York Community Bancorp from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 20th. Jefferies Financial Group raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, April 11th. TheStreet raised New York Community Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday. Finally, UBS Group upped their price objective on New York Community Bancorp from $10.00 to $11.50 and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.54.

New York Community Bancorp Stock Down 0.7 %

NYCB opened at $10.92 on Friday. The business has a 50 day moving average price of $9.13 and a two-hundred day moving average price of $9.16. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 2.74. The company has a market cap of $7.89 billion, a PE ratio of 2.87, a P/E/G ratio of 0.88 and a beta of 1.06. New York Community Bancorp, Inc. has a 52 week low of $5.81 and a 52 week high of $11.21.

New York Community Bancorp (NYSE:NYCB – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $623.11 million. New York Community Bancorp had a return on equity of 8.25% and a net margin of 49.74%. The firm’s revenue was up 666.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. As a group, research analysts anticipate that New York Community Bancorp, Inc. will post 1.25 EPS for the current year.

New York Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend was Friday, May 5th. New York Community Bancorp’s dividend payout ratio is presently 17.85%.

New York Community Bancorp Profile

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New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.