Alaska Permanent Fund Corp Invests $1.02 Million in New York Community Bancorp, Inc. (NYSE:NYCB)

Alaska Permanent Fund Corp bought a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,678 shares of the financial services provider's stock, valued at approximately $1,018,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AlphaMark Advisors LLC grew its stake in shares of New York Community Bancorp by 26.0% during 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 during the period. Hantz Financial Services Inc. purchased a new stake in New York Community Bancorp during the second quarter valued at about $28,000. Carmichael Hill & Associates Inc. increased its stake in New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider's stock worth $29,000 after acquiring an additional 6,029 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of New York Community Bancorp by 66.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider's stock worth $31,000 after purchasing an additional 3,876 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of New York Community Bancorp by 4,665.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider's stock worth $31,000 after purchasing an additional 9,330 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp Stock Performance

NYCB traded down $0.31 on Thursday, hitting $11.50. 9,913,738 shares of the company's stock were exchanged, compared to its average volume of 8,299,788. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The stock has a fifty day moving average of $11.12 and a two-hundred day moving average of $12.16. New York Community Bancorp, Inc. has a twelve month low of $5.10 and a twelve month high of $34.47. The firm has a market cap of $4.78 billion, a PE ratio of -4.17 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts' consensus estimates of ($1.26) by ($1.89). The company had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The firm's revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 earnings per share. On average, research analysts anticipate that New York Community Bancorp, Inc. will post -2.41 earnings per share for the current fiscal year.

New York Community Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp's payout ratio is -1.45%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays raised shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $10.00 to $14.00 in a research report on Thursday, September 26th. Raymond James raised shares of New York Community Bancorp from an "underperform" rating to a "market perform" rating in a research report on Tuesday, September 17th. Citigroup raised their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 3rd. StockNews.com raised New York Community Bancorp to a "sell" rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a "market perform" rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, New York Community Bancorp has an average rating of "Hold" and a consensus price target of $17.48.

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.