Vanguard Personalized Indexing Management LLC Boosts Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Vanguard Personalized Indexing Management LLC boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 85.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 71,749 shares of the financial services provider’s stock after purchasing an additional 33,118 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in New York Community Bancorp were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of New York Community Bancorp by 995.2% during the second quarter. Renaissance Technologies LLC now owns 4,116,786 shares of the financial services provider’s stock valued at $13,256,000 after buying an additional 3,740,900 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of New York Community Bancorp by 353.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,830,195 shares of the financial services provider’s stock worth $28,953,000 after purchasing an additional 2,206,140 shares in the last quarter. Private Management Group Inc. raised its stake in shares of New York Community Bancorp by 1,639.1% in the first quarter. Private Management Group Inc. now owns 1,899,114 shares of the financial services provider’s stock worth $6,115,000 after purchasing an additional 1,789,914 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of New York Community Bancorp during the second quarter valued at $5,401,000. Finally, Rafferty Asset Management LLC increased its holdings in New York Community Bancorp by 187.4% in the 4th quarter. Rafferty Asset Management LLC now owns 2,466,622 shares of the financial services provider’s stock worth $25,234,000 after buying an additional 1,608,267 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

New York Community Bancorp Stock Performance

NYCB opened at $11.46 on Monday. The company has a 50 day simple moving average of $13.30 and a two-hundred day simple moving average of $7.87. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. The firm has a market cap of $4.27 billion, a P/E ratio of 382.00 and a beta of 1.00. New York Community Bancorp, Inc. has a 1-year low of $5.10 and a 1-year high of $34.50.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $722.47 million. During the same quarter in the previous year, the company posted $4.23 EPS. The company’s quarterly revenue was down 44.2% on a year-over-year basis. Equities analysts forecast that New York Community Bancorp, Inc. will post -2.43 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Saturday, September 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Ratings Changes

Several research firms have issued reports on NYCB. Citigroup upped their target price on shares of New York Community Bancorp from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. StockNews.com raised New York Community Bancorp to a “sell” rating in a report on Friday, July 19th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Thursday. Finally, Wedbush reissued a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.70.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.