American Century Companies Inc. reduced its position in New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,781,938 shares of the financial services provider’s stock after selling 160,443 shares during the period. American Century Companies Inc. owned about 0.52% of New York Community Bancorp worth $33,924,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in New York Community Bancorp during the 2nd quarter valued at $27,000. Lindbrook Capital LLC raised its stake in New York Community Bancorp by 71.5% during the 1st quarter. Lindbrook Capital LLC now owns 2,984 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,244 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in New York Community Bancorp during the 4th quarter valued at $29,000. New Hampshire Trust purchased a new stake in New York Community Bancorp during the 4th quarter valued at $32,000. Finally, Fifth Third Bancorp raised its stake in New York Community Bancorp by 107.7% during the 1st quarter. Fifth Third Bancorp now owns 4,315 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,237 shares during the last quarter. 67.52% of the stock is currently owned by hedge funds and other institutional investors.
New York Community Bancorp Trading Up 1.2 %
Shares of NYCB stock opened at $11.97 on Tuesday. New York Community Bancorp, Inc. has a 52-week low of $5.81 and a 52-week high of $14.22. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.11 and a current ratio of 1.14. The firm has a market capitalization of $8.65 billion, a PE ratio of 2.98, a PEG ratio of 0.82 and a beta of 1.10. The stock has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $10.35.
New York Community Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.68%. New York Community Bancorp’s payout ratio is 16.92%.
Insider Activity
In other news, EVP Reginald E. Davis sold 24,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.60, for a total transaction of $302,400.00. Following the completion of the transaction, the executive vice president now owns 81,416 shares in the company, valued at $1,025,841.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.62% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on NYCB shares. Morgan Stanley boosted their target price on shares of New York Community Bancorp from $11.00 to $12.00 in a research note on Friday, July 7th. JPMorgan Chase & Co. raised shares of New York Community Bancorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $16.00 in a research report on Friday, July 28th. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, May 16th. Bank of America boosted their price objective on shares of New York Community Bancorp from $13.00 to $15.00 in a research report on Sunday, July 30th. Finally, StockNews.com started coverage on shares of New York Community Bancorp in a research report on Thursday, August 17th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.
View Our Latest Stock Report on New York Community Bancorp
New York Community Bancorp Profile
New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
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