UBS Asset Management Americas Inc. grew its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,459,158 shares of the financial services provider’s stock after purchasing an additional 110,699 shares during the period. UBS Asset Management Americas Inc. owned about 0.30% of New York Community Bancorp worth $19,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of 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 worth $131,000 after acquiring an additional 284 shares during the last quarter. Sigma Planning Corp bought a new position in shares of New York Community Bancorp during the 2nd quarter valued at $135,000. BB&T Securities LLC bought a new position in shares of New York Community Bancorp during the 2nd quarter valued at $135,000. Hartford Investment Management Co. bought a new position in shares of New York Community Bancorp during the 2nd quarter valued at $138,000. Finally, Quantbot Technologies LP bought a new position in shares of New York Community Bancorp during the 1st quarter valued at $140,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 12.89 on Monday. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The stock has a market cap of $6.30 billion, a PE ratio of 14.03 and a beta of 0.58. The firm’s 50-day moving average is $12.26 and its 200 day moving average is $13.11.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. During the same quarter last year, the business earned $0.26 EPS. On average, equities analysts predict that New York Community Bancorp, Inc. will post $0.79 EPS for the current year.

A number of brokerages recently commented on NYCB. BidaskClub upgraded 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 upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “equal weight” rating and set a $13.75 price target (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the company a “sell” rating in a research note on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.61.

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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.

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

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