Pacer Advisors Inc. Buys 779 Shares of New York Community Bancorp, Inc. (NYCB)

Pacer Advisors Inc. lifted its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,168 shares of the financial services provider’s stock after buying an additional 779 shares during the period. Pacer Advisors Inc.’s holdings in New York Community Bancorp were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NYCB. Legal & General Group Plc increased its holdings in 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 purchasing an additional 39,629 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 purchasing an additional 96,814 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 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 purchasing an additional 38,295 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in New York Community Bancorp by 12.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Cadence Capital Management LLC increased its holdings in New York Community Bancorp by 16.4% during the 1st quarter. Cadence Capital Management LLC now owns 72,150 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 10,192 shares in the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp, Inc. (NYSE:NYCB) opened at 12.32 on Tuesday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 13.41 and a beta of 0.59. New York Community Bancorp, Inc. has a 12 month low of $11.67 and a 12 month high of $17.68. The firm has a 50-day moving average price of $12.28 and a 200-day moving average price of $13.13.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same period in the prior year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that New York Community Bancorp, Inc. will post $0.79 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Piper Jaffray Companies set a $11.00 price target on New York Community Bancorp and gave the company a “sell” rating in a report on Thursday, August 17th. ValuEngine cut New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley raised their price target on New York Community Bancorp from $13.50 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $13.61.

About New York Community Bancorp

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)

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