State of New Jersey Common Pension Fund D Buys 201,829 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

State of New Jersey Common Pension Fund D grew its holdings in New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) by 54.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 574,027 shares of the financial services provider's stock after acquiring an additional 201,829 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.21% of New York Community Bancorp worth $1,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NYCB. Legacy Capital Group California Inc. grew its holdings in shares of New York Community Bancorp by 1.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 81,618 shares of the financial services provider's stock worth $263,000 after purchasing an additional 934 shares in the last quarter. CIBC Asset Management Inc grew its stake in New York Community Bancorp by 7.6% during the second quarter. CIBC Asset Management Inc now owns 20,405 shares of the financial services provider's stock worth $66,000 after buying an additional 1,436 shares in the last quarter. Family Asset Management LLC increased its holdings in New York Community Bancorp by 9.2% in the 2nd quarter. Family Asset Management LLC now owns 18,010 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,510 shares during the period. AlphaMark Advisors LLC raised its position in shares of New York Community Bancorp by 26.0% in the 2nd quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider's stock valued at $28,000 after buying an additional 1,803 shares in the last quarter. Finally, Carson Advisory Inc. raised its position in shares of New York Community Bancorp by 10.3% in the 2nd quarter. Carson Advisory Inc. now owns 21,400 shares of the financial services provider's stock valued at $69,000 after buying an additional 2,000 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NYCB shares. StockNews.com raised shares of New York Community Bancorp to a "sell" rating in a research note on Friday, July 19th. Citigroup lifted their price target on 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. Raymond James upgraded New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their target price on New York Community Bancorp from $11.25 to $33.75 and gave the company a "market perform" rating in a research report on Monday, July 15th. Finally, Barclays raised New York Community Bancorp from an "equal weight" rating to an "overweight" rating and set a $14.00 target price for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.70.

New York Community Bancorp Trading Up 7.1 %

Shares of New York Community Bancorp stock traded up $0.76 during trading on Thursday, hitting $11.42. The company's stock had a trading volume of 6,772,110 shares, compared to its average volume of 8,686,694. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 380.67 and a beta of 1.00. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17. New York Community Bancorp, Inc. has a 52 week low of $5.10 and a 52 week high of $34.50. The stock has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $7.75.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. During the same quarter last year, the business earned $4.23 earnings per share. New York Community Bancorp's revenue was down 44.2% compared to the same quarter last year. Equities research analysts anticipate that New York Community Bancorp, Inc. will post -2.43 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, September 6th. New York Community Bancorp's dividend payout ratio is currently 133.33%.

New York Community Bancorp Company Profile

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.