New York Community Bancorp, Inc. (NYCB) Position Reduced by Highlander Capital Management LLC

Highlander Capital Management LLC lowered its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 37.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,000 shares of the financial services provider’s stock after selling 58,750 shares during the period. Highlander Capital Management LLC’s holdings in New York Community Bancorp were worth $1,280,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in New York Community Bancorp by 14.8% during the 1st quarter. BlackRock Inc. now owns 56,419,781 shares of the financial services provider’s stock valued at $735,149,000 after buying an additional 7,287,646 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in New York Community Bancorp by 27,738.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,426,691 shares of the financial services provider’s stock valued at $31,625,000 after buying an additional 2,417,974 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in New York Community Bancorp by 51.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 5,464,221 shares of the financial services provider’s stock valued at $64,915,000 after buying an additional 1,854,060 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in New York Community Bancorp by 589.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,443,507 shares of the financial services provider’s stock valued at $18,810,000 after buying an additional 1,234,082 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in New York Community Bancorp during the 4th quarter valued at $13,176,000. Institutional investors and hedge funds own 65.03% of the company’s stock.

NYCB stock traded up $0.13 during trading on Thursday, hitting $11.69. 93,789 shares of the stock traded hands, compared to its average volume of 4,846,255. New York Community Bancorp, Inc. has a 1 year low of $11.48 and a 1 year high of $14.53. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. New York Community Bancorp had a net margin of 26.12% and a return on equity of 6.81%. The company had revenue of $293.16 million for the quarter, compared to the consensus estimate of $295.51 million. During the same period in the prior year, the firm posted $0.21 EPS. New York Community Bancorp’s revenue for the quarter was down 10.4% on a year-over-year basis. research analysts predict that New York Community Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.82%. The ex-dividend date was Monday, May 7th. New York Community Bancorp’s dividend payout ratio is currently 83.95%.

NYCB has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of New York Community Bancorp in a research report on Wednesday, March 21st. They set a “sell” rating and a $12.00 price objective on the stock. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, February 22nd. Wedbush reduced their price objective on shares of New York Community Bancorp from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Barclays reduced their price objective on shares of New York Community Bancorp from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $12.00 price objective on shares of New York Community Bancorp in a research report on Thursday, April 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. New York Community Bancorp currently has a consensus rating of “Hold” and an average target price of $13.05.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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