Grimes & Company Inc. Has $229,000 Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Grimes & Company Inc. reduced its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 36.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,413 shares of the financial services provider’s stock after selling 9,972 shares during the period. Grimes & Company Inc.’s holdings in New York Community Bancorp were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NYCB. Oregon Public Employees Retirement Fund boosted its stake in shares of New York Community Bancorp by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 177,916 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 7,553 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of New York Community Bancorp by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 79,072 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 66,083 shares during the last quarter. New England Research & Management Inc. boosted its stake in shares of New York Community Bancorp by 1.5% in the second quarter. New England Research & Management Inc. now owns 23,600 shares of the financial services provider’s stock worth $310,000 after buying an additional 350 shares during the last quarter. Dynamic Advisors Solutions LLC purchased a new stake in shares of New York Community Bancorp during the second quarter worth $1,832,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of New York Community Bancorp by 7.2% in the second quarter. Xact Kapitalforvaltning AB now owns 175,622 shares of the financial services provider’s stock worth $2,306,000 after buying an additional 11,823 shares during the last quarter. Hedge funds and other institutional investors own 58.67% of the company’s stock.

New York Community Bancorp, Inc. (NYSE NYCB) traded down 0.73% during trading on Friday, reaching $12.22. 4,009,117 shares of the company traded hands. The company has a market cap of $5.98 billion, a PE ratio of 13.30 and a beta of 0.58. The company’s 50-day moving average is $12.96 and its 200 day moving average is $13.72. New York Community Bancorp, Inc. has a 12 month low of $12.17 and a 12 month high of $17.68.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The company had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. During the same quarter last year, the firm earned $0.26 earnings per share. On average, analysts anticipate that New York Community Bancorp, Inc. will post $0.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio is currently 73.91%.

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A number of brokerages have recently weighed in on NYCB. BidaskClub cut shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co reduced their price objective on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, April 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 price objective on shares of New York Community Bancorp in a research note on Wednesday, April 26th. Finally, Morgan Stanley upped their target price on shares of New York Community Bancorp from $13.50 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. New York Community Bancorp has a consensus rating of “Hold” and an average target price of $14.46.

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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