The Elkfork Partners LLC Has $479,000 Position in New York Community Bancorp, Inc. (NYCB)

The Elkfork Partners LLC Has $479,000 Position in New York Community Bancorp, Inc. (NYCB)

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its stake in shares of New York Community Bancorp by 77.0% in the third quarter. Capital International Investors now owns 24,890,500 shares of the financial services provider’s stock worth $354,192,000 after buying an additional 10,827,969 shares during the period. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of New York Community Bancorp during the first quarter worth about $53,086,000. Norges Bank acquired a new stake in shares of New York Community Bancorp during the fourth quarter worth about $54,941,000. RMB Capital Management LLC acquired a new stake in shares of New York Community Bancorp during the third quarter worth about $21,345,000. Finally, American Century Companies Inc. increased its stake in shares of New York Community Bancorp by 3,824.7% in the first quarter. American Century Companies Inc. now owns 1,308,768 shares of the financial services provider’s stock worth $18,283,000 after buying an additional 1,275,421 shares during the last quarter. 60.52% of the stock is owned by institutional investors and hedge funds.

Elkfork Partners LLC cut its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,306 shares of the financial services provider’s stock after selling 442 shares during the period. Elkfork Partners LLC’s holdings in New York Community Bancorp were worth $479,000 as of its most recent filing with the SEC.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 12.95 on Monday. The stock has a market cap of $6.33 billion, a PE ratio of 13.63 and a beta of 0.65. The firm has a 50-day moving average price of $13.20 and a 200-day moving average price of $14.77. New York Community Bancorp, Inc. has a 52 week low of $12.67 and a 52 week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. New York Community Bancorp had a return on equity of 8.22% and a net margin of 27.21%. The firm had revenue of $327.09 million for the quarter, compared to the consensus estimate of $342.04 million. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts forecast that New York Community Bancorp, Inc. will post $0.82 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Thursday, May 4th. New York Community Bancorp’s dividend payout ratio is presently 66.67%.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. New York Community Bancorp had a return on equity of 8.22% and a net margin of 27.21%. The firm had revenue of $327.09 million for the quarter, compared to the consensus estimate of $342.04 million. During the same period in the prior year, the business earned $0.27 EPS. On average, analysts forecast that New York Community Bancorp, Inc. will post $0.82 earnings per share for the current fiscal year. NYCB has been the subject of a number of recent analyst reports. FIG Partners reissued a “market-perform” rating on shares of New York Community Bancorp in a research report on Tuesday, March 14th. Stephens started coverage on New York Community Bancorp in a research report on Wednesday, April 5th. They issued an “equal weight” rating for the company. Keefe, Bruyette & Woods set a $15.00 target price on New York Community Bancorp and gave the company a “hold” rating in a research report on Tuesday, April 4th. FBR & Co dropped their target price on New York Community Bancorp from $14.00 to $13.00 and set an “underperform” rating for the company in a research report on Friday, April 7th. Finally, ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. New York Community Bancorp has a consensus rating of “Hold” and a consensus target price of $14.69.

New York Community Bancorp Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NYCB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for New York Community Bancorp Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for New York Community Bancorp Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment