Dimensional Fund Advisors LP Has $97.30 Million Position in New York Community Bancorp, Inc. (NYCB)

Dimensional Fund Advisors LP boosted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 10,340,979 shares of the financial services provider’s stock after buying an additional 292,953 shares during the quarter. Dimensional Fund Advisors LP’s holdings in New York Community Bancorp were worth $97,303,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NYCB. First Mercantile Trust Co. lifted its position in shares of New York Community Bancorp by 129.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,750 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of New York Community Bancorp by 140.2% in the fourth quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 3,534 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in shares of New York Community Bancorp in the fourth quarter valued at about $58,000. Parametrica Management Ltd purchased a new position in shares of New York Community Bancorp in the fourth quarter valued at about $98,000. Finally, ETF Managers Group LLC lifted its position in shares of New York Community Bancorp by 21.4% in the fourth quarter. ETF Managers Group LLC now owns 10,492 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 1,847 shares in the last quarter. Institutional investors own 66.13% of the company’s stock.

Shares of NYCB stock opened at $10.55 on Friday. New York Community Bancorp, Inc. has a 12-month low of $8.61 and a 12-month high of $12.72. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $5.10 billion, a PE ratio of 13.32, a PEG ratio of 1.38 and a beta of 0.97.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The firm had revenue of $266.11 million for the quarter, compared to analysts’ expectations of $268.24 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. As a group, analysts predict that New York Community Bancorp, Inc. will post 0.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.68 annualized dividend and a yield of 6.45%. New York Community Bancorp’s payout ratio is currently 86.08%.

In related news, Director Dominick Ciampa acquired 34,000 shares of New York Community Bancorp stock in a transaction on Wednesday, March 27th. The shares were bought 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 approximately $87,167.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.31% of the company’s stock.

Several equities research analysts have recently issued reports on NYCB shares. B. Riley reaffirmed a “neutral” rating on shares of New York Community Bancorp in a report on Wednesday, April 10th. Zacks Investment Research cut New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Jefferies Financial Group started coverage on New York Community Bancorp in a report on Monday, April 8th. They issued a “hold” rating and a $12.00 target price on the stock. UBS Group raised New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $15.00 in a report on Wednesday, February 6th. Finally, Morgan Stanley cut New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 target price on the stock. in a report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. New York Community Bancorp presently has an average rating of “Hold” and an average target price of $12.06.

WARNING: “Dimensional Fund Advisors LP Has $97.30 Million Position in New York Community Bancorp, Inc. (NYCB)” was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/17/dimensional-fund-advisors-lp-has-97-30-million-position-in-new-york-community-bancorp-inc-nycb.html.

New York Community Bancorp Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

Recommended Story: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding NYCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Community Bancorp, Inc. (NYSE:NYCB).

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

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.