Virginia Retirement Systems ET AL held its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 500,000 shares of the financial services provider’s stock at the end of the second quarter. Virginia Retirement Systems ET AL owned approximately 0.10% of New York Community Bancorp worth $6,565,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Great West Life Assurance Co. Can raised its position in New York Community Bancorp by 1.8% in the first quarter. Great West Life Assurance Co. Can now owns 550,030 shares of the financial services provider’s stock worth $7,680,000 after buying an additional 9,720 shares during the period. Geneva Advisors LLC bought a new stake in shares of New York Community Bancorp during the first quarter worth about $274,000. Canada Pension Plan Investment Board increased its stake in shares of New York Community Bancorp by 299.6% in the first quarter. Canada Pension Plan Investment Board now owns 793,780 shares of the financial services provider’s stock worth $11,089,000 after buying an additional 595,138 shares during the period. Oxbow Advisors LLC bought a new stake in shares of New York Community Bancorp during the first quarter worth about $320,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of New York Community Bancorp by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 170,363 shares of the financial services provider’s stock worth $2,380,000 after buying an additional 2,482 shares during the period. Hedge funds and other institutional investors own 58.88% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.12 on Friday. The firm has a market capitalization of $5.93 billion, a PE ratio of 13.19 and a beta of 0.58. New York Community Bancorp, Inc. has a 52-week low of $11.83 and a 52-week high of $17.68. The stock’s 50 day moving average price is $12.70 and its 200-day moving average price is $13.50.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The company had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. During the same period in the previous year, the firm earned $0.26 EPS. Equities research analysts anticipate that New York Community Bancorp, Inc. will post $0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.61%. New York Community Bancorp’s dividend payout ratio (DPR) is 73.91%.

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A number of equities research analysts have issued reports on the company. Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the company a “sell” rating in a research report on Thursday, August 17th. BidaskClub cut New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.75 target price (down previously from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, ValuEngine cut New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.03.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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

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