New York Community Bancorp, Inc. (NYCB) Stake Reduced by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,553,709 shares of the financial services provider’s stock after selling 8,402 shares during the period. Clearbridge Investments LLC owned about 0.93% of New York Community Bancorp worth $63,615,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in New York Community Bancorp during the fourth quarter worth $3,180,000. Commerzbank Aktiengesellschaft FI increased its stake in New York Community Bancorp by 9.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 18,744 shares of the financial services provider’s stock worth $298,000 after buying an additional 1,649 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in New York Community Bancorp by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,990,994 shares of the financial services provider’s stock worth $47,584,000 after buying an additional 169,811 shares during the last quarter. FMR LLC boosted its position in shares of New York Community Bancorp by 172.4% in the fourth quarter. FMR LLC now owns 291,200 shares of the financial services provider’s stock worth $4,633,000 after buying an additional 184,300 shares during the period. Finally, Fiera Capital Corp purchased a new position in shares of New York Community Bancorp during the fourth quarter worth about $164,000. Institutional investors own 58.56% of the company’s stock.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 13.04 on Tuesday. New York Community Bancorp, Inc. has a 52 week low of $12.61 and a 52 week high of $17.68. The company has a 50 day moving average of $13.07 and a 200 day moving average of $14.37. The company has a market cap of $6.38 billion, a PE ratio of 13.73 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. New York Community Bancorp had a net margin of 26.19% and a return on equity of 7.72%. The business had revenue of $327.09 million for the quarter, compared to the consensus estimate of $342.04 million. During the same period in the prior year, the business posted $0.27 EPS. On average, analysts expect that New York Community Bancorp, Inc. will post $0.81 EPS for the current year.

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NYCB has been the topic of a number of recent analyst reports. ValuEngine raised shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Morgan Stanley reissued an “equal weight” rating and issued a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. Stephens initiated coverage on shares of New York Community Bancorp in a research note on Wednesday, April 5th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods set a $15.00 price objective on shares of New York Community Bancorp and gave the company a “hold” rating in a research note on Tuesday, April 4th. Finally, BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $14.46.

About New York Community Bancorp

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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