Axa Has $10.81 Million Position in New York Community Bancorp, Inc. (NYCB)

Axa boosted its holdings in New York Community Bancorp, Inc. (NYSE:NYCB) by 92.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 830,000 shares of the financial services provider’s stock after buying an additional 399,400 shares during the period. Axa’s holdings in New York Community Bancorp were worth $10,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in New York Community Bancorp by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock worth $83,743,000 after purchasing an additional 235,792 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in New York Community Bancorp in the third quarter worth $374,000. Comerica Bank raised its holdings in New York Community Bancorp by 1.0% in the fourth quarter. Comerica Bank now owns 431,082 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 4,154 shares during the period. Stevens Capital Management LP acquired a new stake in New York Community Bancorp in the third quarter worth $356,000. Finally, BlackRock Inc. raised its holdings in New York Community Bancorp by 1.1% in the fourth quarter. BlackRock Inc. now owns 49,132,135 shares of the financial services provider’s stock worth $639,700,000 after purchasing an additional 518,946 shares during the period. Institutional investors and hedge funds own 59.86% of the company’s stock.

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Several research firms have weighed in on NYCB. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. B. Riley upgraded shares of New York Community Bancorp from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Monday, February 12th. Finally, Morgan Stanley raised their price objective on shares of New York Community Bancorp from $14.00 to $14.75 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.34.

New York Community Bancorp, Inc. (NYSE NYCB) opened at $14.48 on Monday. The firm has a market cap of $7,080.00, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.69 and a beta of 0.65. New York Community Bancorp, Inc. has a 12-month low of $11.67 and a 12-month high of $14.58. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The business had revenue of $296.32 million during the quarter, compared to the consensus estimate of $300.29 million. equities analysts forecast that New York Community Bancorp, Inc. will post 0.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Monday, February 12th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 83.95%.

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New York Community Bancorp Company Profile

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.

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

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