Assetmark Inc. Purchases 4,991 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Assetmark Inc. boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 17.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,762 shares of the financial services provider’s stock after purchasing an additional 4,991 shares during the period. Assetmark Inc.’s holdings in New York Community Bancorp were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its position in New York Community Bancorp by 3.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 152,310 shares of the financial services provider’s stock valued at $1,985,000 after acquiring an additional 4,400 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in New York Community Bancorp by 6.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 76,071 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 4,500 shares in the last quarter. WBI Investments Inc. boosted its stake in New York Community Bancorp by 7.5% during the 1st quarter. WBI Investments Inc. now owns 64,459 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 4,521 shares in the last quarter. Toronto Dominion Bank boosted its stake in New York Community Bancorp by 16.1% during the 1st quarter. Toronto Dominion Bank now owns 33,478 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in New York Community Bancorp by 5.2% during the 1st quarter. Tredje AP fonden now owns 102,130 shares of the financial services provider’s stock valued at $1,331,000 after purchasing an additional 5,050 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:NYCB traded down $0.07 during midday trading on Friday, hitting $10.77. 4,112,100 shares of the stock were exchanged, compared to its average volume of 4,814,486. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.19. New York Community Bancorp, Inc. has a 52-week low of $10.40 and a 52-week high of $14.53. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.35 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. New York Community Bancorp had a return on equity of 6.67% and a net margin of 25.81%. The company had revenue of $286.66 million for the quarter, compared to analyst estimates of $287.86 million. During the same period last year, the company earned $0.22 earnings per share. sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.81 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, August 6th. This represents a $0.68 annualized dividend and a yield of 6.31%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 83.95%.

Several research firms have recently weighed in on NYCB. B. Riley reduced their price objective on 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. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Credit Suisse Group reissued a “neutral” rating and set a $12.00 price objective on shares of New York Community Bancorp in a research note on Tuesday. Sandler O’Neill set a $14.00 price objective on New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, ValuEngine cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. New York Community Bancorp has an average rating of “Hold” and a consensus price target of $12.59.

About New York Community Bancorp

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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