New York Community Bancorp, Inc. (NYCB) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 14.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,899 shares of the financial services provider’s stock after purchasing an additional 32,925 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of New York Community Bancorp worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NYCB. IBM Retirement Fund purchased a new position in New York Community Bancorp during the 1st quarter valued at about $137,000. Cullen Frost Bankers Inc. purchased a new stake in shares of New York Community Bancorp during the first quarter worth about $146,000. Greenwich Wealth Management LLC purchased a new stake in shares of New York Community Bancorp during the first quarter worth about $149,000. Archford Capital Strategies LLC purchased a new stake in shares of New York Community Bancorp during the first quarter worth about $165,000. Finally, Sei Investments Co. grew its holdings in shares of New York Community Bancorp by 67.0% during the first quarter. Sei Investments Co. now owns 12,716 shares of the financial services provider’s stock worth $166,000 after buying an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

NYCB opened at $11.49 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. New York Community Bancorp, Inc. has a 1 year low of $11.35 and a 1 year high of $14.53. The company has a market capitalization of $5.69 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.43 and a beta of 0.67.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, April 25th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. New York Community Bancorp had a net margin of 26.12% and a return on equity of 6.81%. The business had revenue of $293.16 million for the quarter, compared to analysts’ expectations of $295.51 million. During the same period last year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. equities research analysts anticipate that New York Community Bancorp, Inc. will post 0.81 EPS for the current year.

A number of equities research analysts have recently commented on NYCB shares. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, February 22nd. UBS Group started coverage on shares of New York Community Bancorp in a report on Wednesday, March 21st. They set a “sell” rating and a $12.00 price target for the company. ValuEngine downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. TheStreet downgraded shares of New York Community Bancorp from a “b-” rating to a “c” rating in a report on Thursday, March 22nd. Finally, Sandler O’Neill reiterated a “buy” rating and set a $16.00 price target on shares of New York Community Bancorp in a report on Monday, March 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. New York Community Bancorp has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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