Invesco Ltd. Has $19.07 Million Stock Position in New York Community Bancorp, Inc. (NYSE:NYCB)

Invesco Ltd. trimmed its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,030,828 shares of the financial services provider’s stock after selling 601,503 shares during the quarter. Invesco Ltd. owned about 0.44% of New York Community Bancorp worth $19,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its stake in shares of New York Community Bancorp by 328.8% in the first quarter. Canada Pension Plan Investment Board now owns 63,093 shares of the financial services provider’s stock worth $592,000 after buying an additional 48,379 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of New York Community Bancorp by 12.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 145,102 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 16,556 shares during the last quarter. Horizon Bancorp Inc. IN acquired a new stake in shares of New York Community Bancorp in the fourth quarter worth $46,000. KBC Group NV acquired a new stake in shares of New York Community Bancorp in the fourth quarter worth $7,026,000. Finally, Legal & General Group Plc lifted its stake in shares of New York Community Bancorp by 0.8% in the first quarter. Legal & General Group Plc now owns 1,313,719 shares of the financial services provider’s stock worth $12,336,000 after buying an additional 9,938 shares during the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

Shares of New York Community Bancorp stock opened at $10.20 on Wednesday. The firm has a market capitalization of $4.70 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 1.36. The company’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.71. New York Community Bancorp, Inc. has a 52-week low of $8.19 and a 52-week high of $13.79.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $261.37 million for the quarter, compared to analyst estimates of $265.43 million. New York Community Bancorp had a net margin of 20.76% and a return on equity of 6.31%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Analysts predict that New York Community Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 19th. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of New York Community Bancorp in a research note on Tuesday, June 23rd. Bank of America reiterated a “buy” rating and set a $13.00 target price (up from $12.00) on shares of New York Community Bancorp in a research note on Thursday, April 30th. Keefe, Bruyette & Woods upgraded shares of New York Community Bancorp from a “market perform” rating to an “outperform” rating and set a $12.50 target price for the company in a research note on Wednesday, April 1st. Finally, Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.91.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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

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