Vanguard Group Inc. raised its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,770,549 shares of the financial services provider’s stock after acquiring an additional 910,170 shares during the quarter. Vanguard Group Inc. owned 8.34% of New York Community Bancorp worth $535,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. boosted its position in shares of New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 284 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of New York Community Bancorp in the 2nd quarter worth approximately $135,000. BB&T Securities LLC acquired a new position in shares of New York Community Bancorp in the 2nd quarter worth approximately $135,000. Hartford Investment Management Co. acquired a new position in shares of New York Community Bancorp in the 2nd quarter worth approximately $138,000. Finally, Quantbot Technologies LP acquired a new position in shares of New York Community Bancorp in the 1st quarter worth approximately $140,000. 57.51% of the stock is owned by institutional investors.

New York Community Bancorp, Inc. (NYSE NYCB) opened at 12.97 on Tuesday. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $13.00. The stock has a market capitalization of $6.34 billion, a P/E ratio of 14.11 and a beta of 0.58.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million for the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter in the prior year, the business posted $0.26 EPS. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post $0.79 EPS for the current year.

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Several analysts recently commented on the stock. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating and set a $13.75 target price (down from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. 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. Finally, Piper Jaffray Companies restated a “sell” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.61.

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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