Wellington Management Co. LLP recently announced the acquisition of new stake in New York Community Bancorp Inc. (NYSE:NYCB). The institutional investor has increased its shareholding in the Financial company by 15.53% to 78.18 million shares with purchase of 10.51 million shares. This fresh investment now brings its stake to 10.82% valued currently at $799.73 million. In addition, SSgA Funds Management, Inc. raised its holdings by 1.4 million to 28.7 million shares. And Geode Capital Management LLC has lifted its position by 15.21% or 1.6 million shares – to 12.14 million shares.
Currently, there are 722.49M common shares owned by the public and among those 708.78M shares have been available to trade.
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Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 673,719 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 210,565 shares.
The top 3 mutual fund holders in New York Community Bancorp Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Windsor Funds – Vanguard. iShares Core S&P Mid Cap ETF owns 21.93 million shares of the company’s stock, all valued at over $224.37 million. The company bought an additional 19835.0 shares recently to bring their total holdings to about 3.04% of the shares outstanding. Vanguard Total Stock Market ETF sold 57853.0 shares to see its total holdings shrink to 21.42 million shares valued at over $219.14 million and representing 2.97% of the shares outstanding. Vanguard Windsor Funds – Vanguard bought 4.21 million shares to bring its total holdings to over 20.1 million shares at a value of $205.63 million. Vanguard Windsor Funds – Vanguard now owns shares totaling to 2.78% of the shares outstanding.
However, the script later moved the day high at 10.20, up 2.01%. The company’s stock has a 5-day price change of 1.70% and -2.87% over the past three months. NYCB shares are trading -0.59% year to date (YTD), with the 12-month market performance up to 8.19% higher. It has a 12-month low price of $5.81 and touched a high of $14.22 over the same period. NYCB has an average intraday trading volume of 9.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.26%, 2.99%, and -4.99% respectively.
Institutional ownership of New York Community Bancorp Inc. (NYSE: NYCB) shares accounts for 70.06% of the company’s 722.49M shares outstanding. Mutual fund holders own 3.89%, while other institutional holders and individual stakeholders account for 43.22% and 27.17% respectively.
It has a market capitalization of $7.35B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 2.54, while the earnings-per-share (ttm) stands at $4.00. The company has a debt-to-equity ratio at 1.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 2.71% over the month.
Analysts forecast that New York Community Bancorp Inc. (NYCB) will achieve an EPS of $0.28 for the current quarter, $0.28 for the next quarter and $1.31 for 2024. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.34. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 213.23%, and -66.96% over the next financial year. EPS should shrink at an annualized rate of -0.30% over the next five years, compared to 6.90% over the past 5-year period.
