Zurcher Kantonalbank Zurich Cantonalbank maintained its position in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,644 shares of the financial services provider’s stock at the end of the second quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in New York Community Bancorp were worth $993,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its position in New York Community Bancorp by 0.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 84,178 shares of the financial services provider’s stock valued at $1,176,000 after acquiring an additional 239 shares in the last quarter. World Asset Management Inc lifted its position in New York Community Bancorp by 0.7% in the 2nd quarter. World Asset Management Inc now owns 33,448 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 246 shares in the last quarter. Pacer Advisors Inc. lifted its position in New York Community Bancorp by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 284 shares in the last quarter. Private Asset Management Inc. lifted its position in New York Community Bancorp by 0.7% in the 2nd quarter. Private Asset Management Inc. now owns 46,425 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 300 shares in the last quarter. Finally, New England Research & Management Inc. lifted its position in New York Community Bancorp by 1.5% in the 2nd quarter. New England Research & Management Inc. now owns 23,600 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 350 shares in the last quarter. 57.50% of the stock is currently owned by institutional investors.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 11.97 on Tuesday. New York Community Bancorp, Inc. has a 1-year low of $11.67 and a 1-year high of $17.68. The firm has a 50-day moving average of $12.39 and a 200 day moving average of $13.25. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 13.03 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last issued its 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 for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.26 earnings per share. Equities research analysts forecast that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.68 annualized dividend and a dividend yield of 5.68%. New York Community Bancorp’s dividend payout ratio is presently 73.91%.

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Several equities analysts recently weighed in on the stock. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.75 price target (down previously from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Piper Jaffray Companies set a $11.00 price target on shares of New York Community Bancorp and gave the company a “sell” rating in a research report on Thursday, August 17th. Finally, ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $14.03.

New York Community Bancorp 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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