Mercer Global Advisors Inc. ADV Has $1.09 Million Stock Holdings in New York Community Bancorp, Inc. (NYSE:NYCB)

Mercer Global Advisors Inc. ADV lifted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 98,505 shares of the financial services provider’s stock after purchasing an additional 3,070 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in New York Community Bancorp were worth $1,086,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NYCB. Gillson Capital LP raised its position in New York Community Bancorp by 86.5% during the first quarter. Gillson Capital LP now owns 1,111,239 shares of the financial services provider’s stock valued at $14,024,000 after buying an additional 515,377 shares during the period. Private Management Group Inc. raised its position in New York Community Bancorp by 1.5% during the second quarter. Private Management Group Inc. now owns 1,734,334 shares of the financial services provider’s stock valued at $19,112,000 after buying an additional 24,985 shares during the period. Eidelman Virant Capital acquired a new position in New York Community Bancorp during the second quarter valued at $132,000. Captrust Financial Advisors raised its position in New York Community Bancorp by 43.6% during the first quarter. Captrust Financial Advisors now owns 5,108 shares of the financial services provider’s stock valued at $64,000 after buying an additional 1,551 shares during the period. Finally, Prudential Financial Inc. raised its position in New York Community Bancorp by 26.4% during the first quarter. Prudential Financial Inc. now owns 223,760 shares of the financial services provider’s stock valued at $2,824,000 after buying an additional 46,780 shares during the period. 62.11% of the stock is currently owned by institutional investors.

In other New York Community Bancorp news, Director Ronald A. Rosenfeld bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The stock was purchased at an average price of $12.35 per share, for a total transaction of $247,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.19% of the stock is owned by corporate insiders.

Several brokerages have weighed in on NYCB. Credit Suisse Group reaffirmed a “neutral” rating and issued a $10.98 target price (down from $14.00) on shares of New York Community Bancorp in a research report on Tuesday, July 27th. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Monday, August 2nd. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $12.75.

NYCB opened at $12.45 on Thursday. The company has a market cap of $5.79 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The stock has a 50-day moving average of $12.16 and a 200-day moving average of $12.02. New York Community Bancorp, Inc. has a 52-week low of $7.72 and a 52-week high of $13.23. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.33 and a current ratio of 1.33.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Tuesday, July 27th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. New York Community Bancorp had a return on equity of 8.86% and a net margin of 34.32%. On average, research analysts predict that New York Community Bancorp, Inc. will post 1.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 17th. Investors of record on Saturday, August 7th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 5th. This represents a $0.68 annualized dividend and a yield of 5.46%. New York Community Bancorp’s payout ratio is 78.16%.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

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

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