Envestnet Asset Management Inc. Sells 25,901 Shares of New York Community Bancorp, Inc. (NYCB)

Envestnet Asset Management Inc. trimmed its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 11.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,995 shares of the financial services provider’s stock after selling 25,901 shares during the period. Envestnet Asset Management Inc.’s holdings in New York Community Bancorp were worth $2,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of New York Community Bancorp by 8.3% during the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 779 shares during the period. Sigma Planning Corp acquired a new position in shares of New York Community Bancorp during the second quarter valued at $135,000. BB&T Securities LLC acquired a new position in shares of New York Community Bancorp during the second quarter valued at $135,000. Brown Advisory Inc. acquired a new position in shares of New York Community Bancorp during the third quarter valued at $146,000. Finally, Sapphire Star Partners LP acquired a new position in shares of New York Community Bancorp during the third quarter valued at $155,000. 58.50% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on NYCB. Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $11.00 price target on shares of New York Community Bancorp in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.45.

New York Community Bancorp, Inc. (NYSE NYCB) traded down $0.16 during trading hours on Friday, reaching $12.89. The company had a trading volume of 3,521,300 shares, compared to its average volume of 4,044,188. The firm has a market capitalization of $6,382.16, a price-to-earnings ratio of 15.00 and a beta of 0.59. New York Community Bancorp, Inc. has a 1 year low of $11.67 and a 1 year high of $17.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. During the same period in the previous year, the company earned $0.26 earnings per share. equities analysts anticipate that New York Community Bancorp, Inc. will post 0.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Monday, November 6th. New York Community Bancorp’s payout ratio is currently 78.16%.

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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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