New York Community Bancorp (NYCB) Getting Positive News Coverage, Analysis Finds

Eloi Lecerf
Agosto 13, 2017

New York Community Bancorp's payout ratio is 73.91%. (NYSE:NYCB) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. Institutional investors own 58.67% of the company's stock. Quantbot Technologies LP purchased a new position in New York Community Bancorp during the first quarter valued at $140,000.

A number of other hedge funds also recently modified their holdings of NYCB. As of quarter end Schroder Investment Management Group had sold a total of 286,174 shares trimming its holdings by 28.6%. The investment company owned 357,061 stocks of the financial services provider's shares after purchasing an extra 3,412 shares through out the quarter.

DnB Asset Management AS continued to hold its position in shares of New York Community Bancorp, Inc. Nationwide Fund Advisors now owns 854,595 shares valued at $11,221,000. Morgan Stanley restated an "equal weight" rating and set a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Private Asset Management Inc. now owns 46,125 shares of the financial services provider's stock worth $644,000 after buying an additional 10,225 shares during the period. MA now owns 1,971,604 shares of the financial services provider's stock worth $27,543,000 after buying an additional 54,147 shares during the period.

Media headlines about New York Community Bancorp (NYSE:NYCB) have trended positive this week, Accern Sentiment Analysis reports. DnB Asset Management AS now owns 36,027 shares of the financial services provider's stock worth $503,000 after buying an additional 7,300 shares during the period. (NYSE:NYCB) keeping its straight line and making thrust under limelight. The firm's 50 day moving average price is $12.96 and its 200 day moving average price is $13.72. New York Community Bancorp, Inc recently declared a dividend to be paid on Friday the 18th of August 2017. The stock has a market capitalization of $5.98 billion, a P/E ratio of 13.31 and a beta of 0.58.

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New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million during the quarter, compared to analysts' expectations of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same period previous year, the firm earned $0.26 EPS. Analysts anticipate that New York Community Bancorp, Inc. will post $0.83 EPS for the current fiscal year. Stockholders of record on Monday, August 7th will be given a dividend of 0.17 per share by the financial services provider on Friday, August 18th. (NYSE:NYCB). Oregon Pub Employees Retirement Fund invested in 0.06% or 167,881 shares. The ex-dividend date of this dividend is Thursday, August 3rd. The dividend payment will be $0.170 per share for the quarter or $0.68 annualized. New York Community Bancorp's dividend payout ratio is now 73.91%.

01/28/2016 - New York Community Bancorp, Inc. had its "sector perform" rating reiterated by analysts at RBC Capital. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of USA and global trademark and copyright laws. The legal version of this story can be read at BidaskClub downgraded New York Community Bancorp from a "sell" rating to a "strong sell" rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of New York Community Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, August 1st. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Tuesday, June 27 report.

Moving ahead and check, how analysts are seeing this stock in term of rating and estimates.

If we give momentary look over stock price target, the analysts were fairly in stock's favor assigning high price target of Sell and average price target of "3" Analysts and current price is Consensus. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks).

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