W.E. Donoghue & Co. LLC Takes $944,000 Position in New York Community Bancorp, Inc. (NYCB)

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W.E. Donoghue & Co. LLC acquired a new stake in New York Community Bancorp, Inc. (NYSE:NYCB) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 81,596 shares of the financial services provider’s stock, valued at approximately $944,000.

A number of other institutional investors have also made changes to their positions in the business. First Mercantile Trust Co. lifted its holdings in shares of New York Community Bancorp by 129.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,750 shares during the period. Advisory Services Network LLC lifted its holdings in shares of New York Community Bancorp by 20.1% in the 4th quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after buying an additional 999 shares during the period. JOYN Advisors Inc. lifted its holdings in shares of New York Community Bancorp by 140.2% in the 4th quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock worth $57,000 after buying an additional 3,534 shares during the period. Ipswich Investment Management Co. Inc. purchased a new stake in shares of New York Community Bancorp in the 4th quarter worth $58,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of New York Community Bancorp by 42.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock worth $64,000 after buying an additional 2,000 shares during the period. 68.10% of the stock is currently owned by institutional investors.

Shares of NYSE NYCB opened at $12.00 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $5.58 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.47 and a beta of 0.98. New York Community Bancorp, Inc. has a 1-year low of $8.61 and a 1-year high of $13.07.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $270.31 million during the quarter, compared to analysts’ expectations of $270.24 million. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. During the same period in the prior year, the business posted $0.26 EPS. As a group, equities analysts forecast that New York Community Bancorp, Inc. will post 0.81 EPS for the current fiscal year.

NYCB has been the subject of several research reports. Credit Suisse Group reiterated a “hold” rating and issued a $11.00 target price on shares of New York Community Bancorp in a report on Monday, January 7th. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, January 30th. Barclays cut New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 10th. UBS Group upgraded New York Community Bancorp from a “sell” rating to a “neutral” rating and upped their target price for the stock from $9.50 to $10.00 in a report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.95.

In related news, Director Dominick Ciampa acquired 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of $11.61 per share, for a total transaction of $394,740.00. Following the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at approximately $87,167.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.17% of the company’s stock.

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About New York Community Bancorp

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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