Public Employees Retirement System of Ohio Has $1.43 Million Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Public Employees Retirement System of Ohio trimmed its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 7.2% in the second quarter, Holdings Channel.com reports. The firm owned 143,576 shares of the financial services provider’s stock after selling 11,193 shares during the period. Public Employees Retirement System of Ohio’s holdings in New York Community Bancorp were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NYCB. TCI Wealth Advisors Inc. increased its position in New York Community Bancorp by 52.0% in the second quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,457 shares during the period. Quantamental Technologies LLC acquired a new stake in New York Community Bancorp in the second quarter worth about $61,000. Advisory Services Network LLC increased its position in New York Community Bancorp by 18.1% in the second quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,063 shares during the period. TRUE Private Wealth Advisors acquired a new stake in New York Community Bancorp in the second quarter worth about $85,000. Finally, SRS Capital Advisors Inc. acquired a new stake in New York Community Bancorp in the second quarter worth about $88,000. Hedge funds and other institutional investors own 63.99% of the company’s stock.

NYCB traded down $0.09 during midday trading on Thursday, reaching $12.60. 1,185,436 shares of the company were exchanged, compared to its average volume of 5,089,304. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.30 and a current ratio of 1.30. New York Community Bancorp, Inc. has a one year low of $8.61 and a one year high of $13.39. The stock has a market capitalization of $5.93 billion, a P/E ratio of 15.95, a PEG ratio of 1.65 and a beta of 0.99. The stock’s 50-day simple moving average is $11.74 and its 200 day simple moving average is $11.15.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.52% and a net margin of 21.73%. The firm had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $255.49 million. During the same quarter last year, the business earned $0.20 earnings per share. On average, research analysts anticipate that New York Community Bancorp, Inc. will post 0.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Friday, August 9th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 86.08%.

A number of equities analysts have issued reports on the company. Sandler O’Neill cut New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. TheStreet upgraded New York Community Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, August 15th. Bank of America set a $13.00 target price on New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $9.50 to $11.50 in a report on Thursday, August 1st. Finally, Royal Bank of Canada assumed coverage on New York Community Bancorp in a report on Friday, July 12th. They set an “outperform” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.20.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a 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 offers various deposit products, including 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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