New York Community Bancorp, Inc. (NYCB) Position Reduced by Allianz Asset Management AG

Allianz Asset Management AG cut its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 69.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,679 shares of the financial services provider’s stock after selling 147,219 shares during the period. Allianz Asset Management AG’s holdings in New York Community Bancorp were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NYCB. Stockman Asset Management acquired a new position in shares of New York Community Bancorp during the third quarter worth $142,000. Two Sigma Securities LLC acquired a new position in shares of New York Community Bancorp during the third quarter worth $153,000. Parsec Financial Management Inc. acquired a new position in shares of New York Community Bancorp during the third quarter worth $155,000. Checchi Capital Advisers LLC increased its position in shares of New York Community Bancorp by 25.9% in the third quarter. Checchi Capital Advisers LLC now owns 11,841 shares of the financial services provider’s stock worth $168,000 after buying an additional 2,436 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of New York Community Bancorp by 3.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 12,483 shares of the financial services provider’s stock worth $178,000 after buying an additional 466 shares during the period. 60.52% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) opened at 14.14 on Tuesday. The stock’s 50 day moving average price is $14.94 and its 200-day moving average price is $15.16. New York Community Bancorp, Inc. has a one year low of $13.74 and a one year high of $17.68. The company has a market cap of $6.91 billion, a PE ratio of 14.00 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.03. New York Community Bancorp had a return on equity of 8.22% and a net margin of 27.21%. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, analysts expect that New York Community Bancorp, Inc. will post $0.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Tuesday, February 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.81%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

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A number of equities analysts have weighed in on the company. FBR & Co downgraded New York Community Bancorp from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $15.00 in a research report on Wednesday, December 21st. FIG Partners reissued a “market-perform” rating on shares of New York Community Bancorp in a research report on Tuesday, March 14th. Barclays PLC lowered their price target on New York Community Bancorp from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 26th. Bank of America Corp downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 20th. Finally, Raymond James Financial, Inc. downgraded New York Community Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 21st. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.13.

About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.

5 Day Chart for NYSE:NYCB

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