Cadence Capital Management LLC lessened its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,914 shares of the financial services provider’s stock after selling 17,510 shares during the quarter. Cadence Capital Management LLC’s holdings in New York Community Bancorp were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in NYCB. Chicago Partners Investment Group LLC bought a new position in shares of New York Community Bancorp during the third quarter valued at approximately $103,000. Robeco Institutional Asset Management B.V. bought a new position in New York Community Bancorp in the fourth quarter worth $113,000. Brown Advisory Inc. bought a new position in New York Community Bancorp in the third quarter worth $146,000. Sapphire Star Partners LP bought a new position in New York Community Bancorp in the third quarter worth $155,000. Finally, Forward Management LLC bought a new position in New York Community Bancorp in the fourth quarter worth $165,000. Institutional investors own 59.13% of the company’s stock.

New York Community Bancorp, Inc. (NYSE:NYCB) opened at $13.54 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $6,620.00, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. New York Community Bancorp, Inc. has a twelve month low of $11.67 and a twelve month high of $15.59.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The firm 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 0.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 5.02%. New York Community Bancorp’s payout ratio is presently 75.56%.

NYCB has been the subject of a number of research reports. Bank of America upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. BidaskClub upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, January 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price objective on shares of New York Community Bancorp in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. New York Community Bancorp currently has an average rating of “Hold” and a consensus target price of $13.22.

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About New York Community Bancorp

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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