Zurcher Kantonalbank Zurich Cantonalbank increased its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 85,278 shares of the financial services provider’s stock after buying an additional 9,634 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in New York Community Bancorp were worth $1,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in shares of New York Community Bancorp in the 3rd quarter worth $103,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of New York Community Bancorp in the 4th quarter worth $113,000. Brown Advisory Inc. acquired a new position in shares of New York Community Bancorp in the 3rd quarter worth $146,000. Sapphire Star Partners LP acquired a new position in shares of New York Community Bancorp in the 3rd quarter worth $155,000. Finally, Yellowstone Partners LLC acquired a new position in shares of New York Community Bancorp in the 3rd quarter worth $175,000. Institutional investors and hedge funds own 59.13% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, February 7th. BidaskClub upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. TheStreet downgraded New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. ValuEngine downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, B. Riley upgraded New York Community Bancorp from a “sell” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.22.

New York Community Bancorp, Inc. (NYSE NYCB) opened at $13.54 on Wednesday. New York Community Bancorp, Inc. has a twelve month low of $11.67 and a twelve month high of $15.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $6,565.31, a price-to-earnings ratio of 15.04, a PEG ratio of 1.58 and a beta of 0.65.

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 analysts’ consensus estimates of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The business had revenue of $296.32 million for the quarter, compared to the consensus estimate of $300.29 million. analysts expect that New York Community Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

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

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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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