Kahn Brothers Group Inc. DE Has $40.98 Million Holdings in New York Community Bancorp, Inc. (NYCB)

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Kahn Brothers Group Inc. DE raised its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 29.3% during the third quarter, HoldingsChannel reports. The firm owned 3,951,906 shares of the financial services provider’s stock after purchasing an additional 895,314 shares during the period. New York Community Bancorp comprises 6.3% of Kahn Brothers Group Inc. DE’s holdings, making the stock its 8th biggest position. Kahn Brothers Group Inc. DE’s holdings in New York Community Bancorp were worth $40,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NYCB. California Public Employees Retirement System raised its holdings in shares of New York Community Bancorp by 17.3% during the 2nd quarter. California Public Employees Retirement System now owns 1,587,433 shares of the financial services provider’s stock worth $17,525,000 after acquiring an additional 234,681 shares during the period. Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth $381,000. State of Wisconsin Investment Board purchased a new position in shares of New York Community Bancorp during the 2nd quarter worth $833,000. Schwab Charles Investment Management Inc. raised its holdings in shares of New York Community Bancorp by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,959,033 shares of the financial services provider’s stock worth $21,628,000 after acquiring an additional 134,589 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of New York Community Bancorp by 6.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,429,623 shares of the financial services provider’s stock worth $15,783,000 after acquiring an additional 88,510 shares during the period. Institutional investors own 64.88% of the company’s stock.

Several analysts recently issued reports on NYCB shares. ValuEngine lowered shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Sandler O’Neill set a $14.00 price objective on shares of New York Community Bancorp and gave the company a “buy” rating in a report on Wednesday, July 25th. Royal Bank of Canada restated a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a report on Thursday, July 26th. Credit Suisse Group restated a “neutral” rating and issued a $12.00 price objective on shares of New York Community Bancorp in a report on Tuesday, August 28th. Finally, B. Riley set a $11.00 price objective on shares of New York Community Bancorp and gave the company a “hold” rating in a report on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.32.

NYCB traded up $0.31 on Tuesday, hitting $9.66. The company had a trading volume of 9,228,519 shares, compared to its average volume of 5,601,211. The firm has a market cap of $4.55 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.65. New York Community Bancorp, Inc. has a 1 year low of $8.88 and a 1 year high of $14.53. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 2.20.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $272.43 million for the quarter, compared to analyst estimates of $285.05 million. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. During the same period in the previous year, the firm earned $0.21 EPS. Equities research analysts forecast that New York Community Bancorp, Inc. will post 0.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.04%. The ex-dividend date is Monday, November 5th. New York Community Bancorp’s dividend payout ratio is currently 83.95%.

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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