New York Community Bancorp, Inc. (NYCB) Stake Boosted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC raised its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 33.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,831,006 shares of the financial services provider’s stock after buying an additional 7,036,258 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 5.69% of New York Community Bancorp worth $358,742,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Gotham Asset Management LLC lifted its position in shares of New York Community Bancorp by 6.6% in the 2nd quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares during the period. Legal & General Group Plc lifted its position in shares of New York Community Bancorp by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock valued at $33,823,000 after acquiring an additional 39,629 shares during the period. Bank of New York Mellon Corp lifted its position in shares of New York Community Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,260,906 shares of the financial services provider’s stock valued at $82,205,000 after acquiring an additional 96,814 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of New York Community Bancorp by 2.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,339,621 shares of the financial services provider’s stock valued at $17,589,000 after acquiring an additional 38,295 shares during the period. Finally, Brookstone Capital Management acquired a new position in shares of New York Community Bancorp during the 2nd quarter valued at $288,000. 58.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) traded down $0.11 during midday trading on Friday, reaching $13.02. 3,601,584 shares of the company’s stock were exchanged, compared to its average volume of 3,862,705. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41. New York Community Bancorp, Inc. has a twelve month low of $11.67 and a twelve month high of $16.25. The company has a market capitalization of $6,421.29, a PE ratio of 14.97 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $385.27 million for the quarter, compared to analysts’ expectations of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same quarter in the previous year, the business posted $0.26 earnings per share. sell-side analysts forecast that New York Community Bancorp, Inc. will post 0.68 earnings per share for the current year.

Several research firms have weighed in on NYCB. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 target price on shares of New York Community Bancorp in a research note on Friday, December 22nd. Royal Bank of Canada began coverage on shares of New York Community Bancorp in a research note on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 target price for the company. TheStreet upgraded shares of New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Friday, December 15th. Finally, ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.63.

ILLEGAL ACTIVITY NOTICE: This story was posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://weekherald.com/2017/12/30/barrow-hanley-mewhinney-strauss-llc-buys-7036258-shares-of-new-york-community-bancorp-inc-nycb.html.

New York Community Bancorp 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.

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

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

Leave a Reply