Keybank National Association OH cut its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 15.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,420 shares of the financial services provider’s stock after selling 10,632 shares during the quarter. Keybank National Association OH’s holdings in New York Community Bancorp were worth $667,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new position in New York Community Bancorp in the 2nd quarter valued at approximately $650,000. IBM Retirement Fund bought a new position in New York Community Bancorp in the 1st quarter valued at approximately $137,000. Cullen Frost Bankers Inc. bought a new position in New York Community Bancorp in the 1st quarter valued at approximately $146,000. Archford Capital Strategies LLC bought a new position in New York Community Bancorp in the 1st quarter valued at approximately $165,000. Finally, Sei Investments Co. raised its stake in New York Community Bancorp by 67.0% during the 1st quarter. Sei Investments Co. now owns 12,716 shares of the financial services provider’s stock valued at $166,000 after buying an additional 5,100 shares during the last quarter. 64.54% of the stock is currently owned by institutional investors and hedge funds.

NYSE:NYCB opened at $10.84 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $5.35 billion, a PE ratio of 14.00, a P/E/G ratio of 1.35 and a beta of 0.65. New York Community Bancorp, Inc. has a one year low of $10.40 and a one year high of $14.53.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $286.66 million during the quarter, compared to analyst estimates of $287.86 million. New York Community Bancorp had a return on equity of 6.67% and a net margin of 25.81%. During the same period in the prior year, the business posted $0.22 EPS. sell-side analysts expect that New York Community Bancorp, Inc. will post 0.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were paid a $0.17 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.68 annualized dividend and a dividend yield of 6.27%. New York Community Bancorp’s dividend payout ratio (DPR) is 83.95%.

NYCB has been the subject of a number of research reports. ValuEngine lowered shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. B. Riley decreased their target price on shares of New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, June 19th. Sandler O’Neill set a $14.00 target price on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $11.00 target price on shares of New York Community Bancorp in a research note on Thursday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.59.

New York Community Bancorp Profile

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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

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