Insight Wealth Strategies LLC Acquires 1,431 Shares of New York Community Bancorp, Inc. (NYSE:NYCB)

Insight Wealth Strategies LLC raised its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,331 shares of the financial services provider’s stock after purchasing an additional 1,431 shares during the quarter. Insight Wealth Strategies LLC’s holdings in New York Community Bancorp were worth $687,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in New York Community Bancorp by 40.1% during the 1st quarter. FMR LLC now owns 31,397 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 8,981 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in New York Community Bancorp during the 1st quarter worth $221,000. M&T Bank Corp boosted its holdings in New York Community Bancorp by 12.2% during the 1st quarter. M&T Bank Corp now owns 13,750 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,500 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in New York Community Bancorp by 13.1% during the 1st quarter. Standard Life Aberdeen plc now owns 87,881 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 10,211 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in New York Community Bancorp by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 762,452 shares of the financial services provider’s stock worth $9,622,000 after acquiring an additional 9,750 shares during the last quarter. Institutional investors and hedge funds own 62.11% of the company’s stock.

NYSE NYCB opened at $12.69 on Friday. The company has a market cap of $5.90 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. New York Community Bancorp, Inc. has a 52 week low of $7.72 and a 52 week high of $13.23. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.41. The firm’s 50-day simple moving average is $12.22 and its two-hundred day simple moving average is $12.02.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Tuesday, July 27th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. New York Community Bancorp had a net margin of 34.32% and a return on equity of 8.86%. The business had revenue of $347.00 million for the quarter, compared to the consensus estimate of $336.00 million. As a group, equities research analysts anticipate that New York Community Bancorp, Inc. will post 1.27 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 17th. Stockholders of record on Saturday, August 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Thursday, August 5th. New York Community Bancorp’s dividend payout ratio is presently 78.16%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of New York Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Monday, August 2nd. Credit Suisse Group reissued a “neutral” rating and issued a $10.98 price target (down from $14.00) on shares of New York Community Bancorp in a report on Tuesday, July 27th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, New York Community Bancorp has a consensus rating of “Buy” and a consensus price target of $12.75.

In related news, Director Ronald A. Rosenfeld purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The shares were purchased at an average cost of $12.35 per share, for a total transaction of $247,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.19% of the company’s stock.

New York Community Bancorp Profile

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

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

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