New York Community Bancorp, Inc. (NYCB) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150,132 shares of the financial services provider’s stock after selling 37,797 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of New York Community Bancorp worth $20,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC raised its position in New York Community Bancorp by 52.7% in the third quarter. Private Advisor Group LLC now owns 24,141 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 8,331 shares in the last quarter. SG Americas Securities LLC raised its position in New York Community Bancorp by 47.6% in the third quarter. SG Americas Securities LLC now owns 215,715 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 69,571 shares in the last quarter. JPMorgan Chase & Co. raised its position in New York Community Bancorp by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 1,696,955 shares of the financial services provider’s stock worth $17,597,000 after purchasing an additional 31,311 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of New York Community Bancorp by 47.7% during the third quarter. MML Investors Services LLC now owns 23,413 shares of the financial services provider’s stock worth $243,000 after buying an additional 7,561 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of New York Community Bancorp by 8.3% during the third quarter. Janus Henderson Group PLC now owns 200,122 shares of the financial services provider’s stock worth $2,075,000 after buying an additional 15,400 shares in the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

In related news, Director Dominick Ciampa purchased 34,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of $11.61 per share, with a total value of $394,740.00. Following the completion of the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at $87,167.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.17% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, March 19th. Jefferies Financial Group assumed coverage on shares of New York Community Bancorp in a report on Monday, April 8th. They set a “hold” rating and a $12.00 price objective for the company. B. Riley reaffirmed a “neutral” rating on shares of New York Community Bancorp in a report on Wednesday, April 10th. UBS Group raised shares of New York Community Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $15.00 in a report on Wednesday, February 6th. Finally, Morgan Stanley lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price objective for the company. in a report on Monday, March 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $11.95.

Shares of NYCB traded down $0.03 during mid-day trading on Friday, hitting $11.38. 3,834,291 shares of the company traded hands, compared to its average volume of 4,730,042. New York Community Bancorp, Inc. has a one year low of $8.61 and a one year high of $13.07. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $5.32 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 23.72% and a return on equity of 6.76%. The business had revenue of $270.31 million for the quarter, compared to analysts’ expectations of $270.24 million. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, analysts anticipate that New York Community Bancorp, Inc. will post 0.81 EPS for the current year.

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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.

Read More: Intrinsic Value and Stock Selection

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

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