New York Community Bancorp, Inc. (NYSE:NYCB) Position Maintained by Parsec Financial Management Inc.

Parsec Financial Management Inc. held its stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,921 shares of the financial services provider’s stock at the end of the second quarter. Parsec Financial Management Inc.’s holdings in New York Community Bancorp were worth $143,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in New York Community Bancorp by 3.1% in the first quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after buying an additional 284 shares in the last quarter. Hartford Investment Management Co. bought a new stake in New York Community Bancorp during the second quarter valued at $138,000. Quantbot Technologies LP bought a new stake in New York Community Bancorp during the first quarter valued at $140,000. National Asset Management Inc. bought a new stake in New York Community Bancorp during the first quarter valued at $161,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in New York Community Bancorp by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,989 shares of the financial services provider’s stock valued at $170,000 after buying an additional 506 shares in the last quarter. 58.88% of the stock is owned by institutional investors and hedge funds.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) opened at 11.94 on Friday. The company’s 50 day moving average price is $12.86 and its 200 day moving average price is $13.60. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 12.99 and a beta of 0.58. New York Community Bancorp, Inc. has a one year low of $11.91 and a one year high of $17.68.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $326.36 million. During the same period in the previous year, the firm posted $0.26 EPS. On average, analysts expect that New York Community Bancorp, Inc. will post $0.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 5.70%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 73.91%.

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A number of research firms have recently issued reports on NYCB. ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Morgan Stanley restated an “equal weight” rating and issued a $13.75 target price (down previously from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 target price on shares of New York Community Bancorp in a report on Wednesday, April 26th. Finally, BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.03.

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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