New York Community Bancorp, Inc. (NYSE:NYCB) Position Trimmed by Brookstone Capital Management

Brookstone Capital Management trimmed its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 58.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,945 shares of the financial services provider’s stock after selling 26,241 shares during the period. Brookstone Capital Management’s holdings in New York Community Bancorp were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NYCB. Captrust Financial Advisors boosted its stake in New York Community Bancorp by 57.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,730 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,000 shares during the period. TCI Wealth Advisors Inc. boosted its stake in New York Community Bancorp by 52.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,457 shares during the period. Quantamental Technologies LLC acquired a new position in New York Community Bancorp in the 2nd quarter worth approximately $61,000. Advisory Services Network LLC boosted its stake in New York Community Bancorp by 18.1% in the 2nd quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,063 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in New York Community Bancorp in the 2nd quarter worth approximately $85,000. Hedge funds and other institutional investors own 64.02% of the company’s stock.

NYCB stock opened at $13.19 on Wednesday. New York Community Bancorp, Inc. has a 12-month low of $8.61 and a 12-month high of $13.39. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.17. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.68 and a beta of 1.00. The company has a 50 day moving average of $12.67 and a two-hundred day moving average of $11.29.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The company had revenue of $255.29 million during the quarter, compared to the consensus estimate of $255.49 million. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, research analysts anticipate that New York Community Bancorp, Inc. will post 0.78 EPS for the current year.

A number of equities analysts recently commented on NYCB shares. Bank of America set a $13.00 price objective on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $9.50 to $11.50 in a research note on Thursday, August 1st. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 15th. Royal Bank of Canada started coverage on shares of New York Community Bancorp in a research note on Friday, July 12th. They issued an “outperform” rating and a $12.00 price objective for the company. Finally, Sandler O’Neill lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. New York Community Bancorp currently has a consensus rating of “Hold” and a consensus target price of $12.20.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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

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