Alaska Permanent Fund Corp Takes $1.02 Million Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Alaska Permanent Fund Corp purchased a new stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 90,678 shares of the financial services provider’s stock, valued at approximately $1,018,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of New York Community Bancorp by 400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 359,424 shares of the financial services provider’s stock worth $4,036,000 after acquiring an additional 287,557 shares during the last quarter. Kessler Investment Group LLC bought a new stake in shares of New York Community Bancorp during the 3rd quarter worth $119,000. Bfsg LLC bought a new stake in shares of New York Community Bancorp during the 3rd quarter worth $156,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of New York Community Bancorp during the 2nd quarter worth $2,879,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in New York Community Bancorp in the second quarter worth $70,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NYCB. JPMorgan Chase & Co. boosted their price target on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Citigroup boosted their price target on shares of New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, New York Community Bancorp has an average rating of “Hold” and an average price target of $17.48.

New York Community Bancorp Price Performance

Shares of NYSE NYCB opened at $11.60 on Thursday. New York Community Bancorp, Inc. has a 1 year low of $5.10 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The company’s 50-day moving average is $11.10 and its 200 day moving average is $12.17. The stock has a market capitalization of $3.17 billion, a P/E ratio of 393.67 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). The business 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% compared to the same quarter last year. During the same quarter last year, the company posted $4.23 EPS. On average, sell-side analysts expect that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 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.