New York Community Bancorp, Inc. (NYCB) Position Decreased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,096 shares of the financial services provider’s stock after selling 32,193 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of New York Community Bancorp worth $4,925,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of New York Community Bancorp by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 284 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $135,000. BB&T Securities LLC acquired a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $135,000. Hartford Investment Management Co. acquired a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $138,000. Finally, National Asset Management Inc. acquired a new position in shares of New York Community Bancorp during the 1st quarter worth approximately $161,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of New York Community Bancorp, Inc. (NYCB) traded down 1.01% on Friday, reaching $12.68. The company’s stock had a trading volume of 381,216 shares. The firm’s 50 day moving average is $12.43 and its 200-day moving average is $12.95. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68. The stock has a market cap of $6.20 billion, a P/E ratio of 13.80 and a beta of 0.58.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. The business had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. During the same period last year, the business posted $0.26 earnings per share. On average, equities research analysts forecast that New York Community Bancorp, Inc. will post $0.78 EPS for the current year.

A number of research firms recently weighed in on NYCB. Barclays PLC decreased their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday. BidaskClub lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $12.45.

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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.

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

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