American Financial Group Inc. Maintains Position in New York Community Bancorp Inc. (NYCB)
American Financial Group Inc. continued to hold its stake in New York Community Bancorp Inc. (NYSE:NYCB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 350,000 shares of the financial services provider’s stock at the end of the third quarter. American Financial Group Inc. owned approximately 0.07% of New York Community Bancorp worth $4,981,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Capital International Investors acquired a new stake in shares of New York Community Bancorp during the second quarter worth about $210,797,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in New York Community Bancorp by 22.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,382,896 shares of the financial services provider’s stock valued at $275,560,000 after buying an additional 3,363,254 shares during the last quarter. Capital Guardian Trust Co. purchased a new position in New York Community Bancorp during the second quarter valued at approximately $29,604,000. Vanguard Group Inc. increased its position in New York Community Bancorp by 4.5% in the second quarter. Vanguard Group Inc. now owns 35,464,907 shares of the financial services provider’s stock valued at $531,619,000 after buying an additional 1,539,859 shares during the last quarter. Finally, RMB Capital Management LLC purchased a new position in New York Community Bancorp during the third quarter valued at approximately $21,345,000. 60.48% of the stock is owned by institutional investors and hedge funds.
Shares of New York Community Bancorp Inc. (NYSE:NYCB) traded up 0.95% during trading on Tuesday, hitting $15.93. The stock had a trading volume of 2,860,837 shares. The stock’s market cap is $7.76 billion. The stock’s 50-day moving average is $14.63 and its 200-day moving average is $14.75. New York Community Bancorp Inc. has a 12-month low of $13.74 and a 12-month high of $17.05.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. New York Community Bancorp had a positive return on equity of 8.81% and a negative net margin of 1.25%. During the same period in the previous year, the business posted $0.28 EPS. On average, equities research analysts expect that New York Community Bancorp Inc. will post $1.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, November 3rd. New York Community Bancorp’s dividend payout ratio is currently -849.89%.
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NYCB has been the topic of a number of analyst reports. Bank of America Corp. set a $17.00 price target on New York Community Bancorp and gave the company a “buy” rating in a report on Monday, September 12th. Deutsche Bank AG cut their price target on New York Community Bancorp from $15.50 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of New York Community Bancorp in a research report on Wednesday, October 12th. Wedbush initiated coverage on New York Community Bancorp in a research report on Thursday, October 6th. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.85.
In related news, Director Dominick Ciampa acquired 9,350 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $15.43 per share, with a total value of $144,270.50. Following the completion of the transaction, the director now owns 142,446 shares of the company’s stock, valued at $2,197,941.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.97% of the company’s stock.
About New York Community Bancorp
New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.
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