Schwab Charles Investment Management Inc. Has $22.43 Million Stake in New York Community Bancorp, Inc. (NYCB)

Schwab Charles Investment Management Inc. grew its position in New York Community Bancorp, Inc. (NYSE:NYCB) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,722,584 shares of the financial services provider’s stock after buying an additional 113,510 shares during the period. Schwab Charles Investment Management Inc.’s holdings in New York Community Bancorp were worth $22,429,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC acquired a new position in shares of New York Community Bancorp during the 3rd quarter valued at $103,000. Brown Advisory Inc. acquired a new position in shares of New York Community Bancorp during the 3rd quarter valued at $146,000. Sapphire Star Partners LP acquired a new position in shares of New York Community Bancorp during the 3rd quarter valued at $155,000. Yellowstone Partners LLC acquired a new position in shares of New York Community Bancorp during the 3rd quarter valued at $175,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of New York Community Bancorp during the 3rd quarter valued at $188,000. 59.13% of the stock is currently owned by institutional investors.

New York Community Bancorp, Inc. (NYSE NYCB) opened at $14.17 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.40 and a current ratio of 1.40. New York Community Bancorp, Inc. has a 1-year low of $11.67 and a 1-year high of $15.59. The firm has a market cap of $6,930.00, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The firm had revenue of $296.32 million for the quarter, compared to the consensus estimate of $300.29 million. equities analysts forecast that New York Community Bancorp, Inc. will post 0.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 4.80%. New York Community Bancorp’s payout ratio is 75.56%.

A number of research analysts recently issued reports on NYCB shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of New York Community Bancorp in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, January 12th. Bank of America upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.22.

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New York Community Bancorp Company 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.

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

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