Intech Investment Management LLC Makes New $575,000 Investment in New York Community Bancorp, Inc. (NYSE:NYCB)

Intech Investment Management LLC purchased a new position in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,559 shares of the financial services provider’s stock, valued at approximately $575,000. Intech Investment Management LLC owned approximately 0.07% of New York Community Bancorp at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NYCB. Quarry LP increased its stake in New York Community Bancorp by 585.5% in the 4th quarter. Quarry LP now owns 4,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 3,443 shares during the last quarter. Vima LLC purchased a new position in shares of New York Community Bancorp during the fourth quarter worth about $65,000. Versant Capital Management Inc increased its position in shares of New York Community Bancorp by 3,583.0% in the first quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 8,026 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in New York Community Bancorp during the second quarter valued at approximately $28,000. Finally, AlphaMark Advisors LLC lifted its position in New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,803 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NYCB shares. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Thursday. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods increased their price objective on New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research note on Monday, July 15th. Finally, Citigroup raised their target price on shares of New York Community Bancorp from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.70.

New York Community Bancorp Stock Performance

New York Community Bancorp stock opened at $11.42 on Friday. New York Community Bancorp, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $34.50. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 380.67 and a beta of 1.00. The stock’s 50 day simple moving average is $14.18 and its two-hundred day simple moving average is $7.75. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing the consensus estimate of ($1.26) by ($1.89). The firm had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. New York Community Bancorp’s revenue for the quarter was down 44.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.23 earnings per share. As a group, analysts expect that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, September 6th. New York Community Bancorp’s payout ratio is currently 133.33%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.