Private Capital Group LLC grew its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 3,177.9% during the 1st quarter, HoldingsChannel reports. The fund owned 17,504 shares of the financial services provider’s stock after purchasing an additional 16,970 shares during the quarter. Private Capital Group LLC’s holdings in New York Community Bancorp were worth $228,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in NYCB. BlackRock Inc. boosted its holdings in New York Community Bancorp by 14.8% in the first quarter. BlackRock Inc. now owns 56,419,781 shares of the financial services provider’s stock worth $735,149,000 after acquiring an additional 7,287,646 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of New York Community Bancorp by 27,738.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 2,426,691 shares of the financial services provider’s stock valued at $31,625,000 after purchasing an additional 2,417,974 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of New York Community Bancorp by 51.4% during the first quarter. Mondrian Investment Partners LTD now owns 5,464,221 shares of the financial services provider’s stock valued at $64,915,000 after purchasing an additional 1,854,060 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of New York Community Bancorp by 589.3% during the first quarter. JPMorgan Chase & Co. now owns 1,443,507 shares of the financial services provider’s stock valued at $18,810,000 after purchasing an additional 1,234,082 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of New York Community Bancorp during the fourth quarter valued at $13,176,000. 65.01% of the stock is currently owned by institutional investors and hedge funds.
Get New York Community Bancorp alerts:New York Community Bancorp opened at $11.49 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $5.62 billion, a P/E ratio of 14.19, a PEG ratio of 1.41 and a beta of 0.67. New York Community Bancorp, Inc. has a one year low of $11.35 and a one year high of $14.53.
New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, April 25th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $293.16 million during the quarter, compared to analyst estimates of $295.51 million. New York Community Bancorp had a net margin of 26.12% and a return on equity of 6.81%. New York Community Bancorp’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. research analysts anticipate that New York Community Bancorp, Inc. will post 0.81 earnings per share for the current year.
NYCB has been the topic of a number of research analyst reports. B. Riley lowered their price target on New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday. ValuEngine downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of New York Community Bancorp in a report on Thursday, April 26th. Barclays lowered their price target on New York Community Bancorp from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, April 26th. Finally, Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $12.95.
New York Community Bancorp Profile
New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.
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