Notable Ownership Action: New York Community Bancorp Inc (NYSE:NYCB) Institutional Investors Sentiment Unchanged in 2016 Q2

November 28, 2016 - By Vivian Park   ·   0 Comments

Notable Ownership Action: New York Community Bancorp Inc (NYSE:NYCB) Institutional Investors Sentiment Unchanged in  2016 Q2

Sentiment for New York Community Bancorp Inc (NYSE:NYCB)

New York Community Bancorp Inc (NYSE:NYCB) institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as only 173 investment managers started new and increased equity positions, while 160 sold and reduced equity positions in New York Community Bancorp Inc. The investment managers in our partner’s database now possess: 294.08 million shares, up from 266.32 million shares in 2016Q1. Also, the number of investment managers holding New York Community Bancorp Inc in their top 10 equity positions decreased from 4 to 2 for a decrease of 2. Sold All: 41 Reduced: 119 Increased: 137 New Position: 36.

New York Community Bancorp, Inc. is a multi-bank holding company. The company has a market cap of $7.72 billion. The Company’s activities are divided into two divisions: Banking Operations and Residential Mortgage Banking. It currently has negative earnings. The Banking Operations segment serves clients and businesses by offering and servicing a range of loan and deposit products and other financial services.

About 2.84M shares traded hands. New York Community Bancorp, Inc. (NYSE:NYCB) has risen 4.85% since April 25, 2016 and is uptrending. It has underperformed by 1.17% the S&P500.

Analysts await New York Community Bancorp, Inc. (NYSE:NYCB) to report earnings on January, 25. They expect $0.26 earnings per share, down 16.13% or $0.05 from last year’s $0.31 per share. NYCB’s profit will be $127.20M for 15.17 P/E if the $0.26 EPS becomes a reality. After $0.26 actual earnings per share reported by New York Community Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “New York Community Bancorp, Inc. is a leading producer of multi-family loans in New York City, with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank, with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank, with 36 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York. Reflecting its growth through a series of acquisitions, the Community Bank operates through five local divisions: Queens County Savings Bank in Queens, Roslyn Savings Bank on Long Island, Richmond County Savings Bank on Staten Island, Roosevelt Savings Bank in Brooklyn, and Garden State Community Bank in New Jersey. Similarly, the Commercial Bank operates 17 of its branches under the name Atlantic Bank.”

Majedie Asset Management Ltd holds 3.21% of its portfolio in New York Community Bancorp, Inc. for 1.30 million shares. Kempen Capital Management N.V. owns 1.40 million shares or 2.47% of their US portfolio. Moreover, Hourglass Capital Llc has 2.2% invested in the company for 593,095 shares. The Connecticut-based Endeavour Capital Advisors Inc has invested 1.82% in the stock. Anchor Capital Advisors Llc, a Massachusetts-based fund reported 3.97 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 insider sales for $144,270 net activity.

New York Community Bancorp, Inc. (NYSE:NYCB) Ratings Coverage

Ratings analysis reveals 56% of New York Community Bancorp Inc.’s analysts are positive. Out of 9 Wall Street analysts rating New York Community Bancorp Inc., 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $15 while the high is $19. The stock’s average target of $17 is 7.73% above today’s ($15.78) share price. NYCB was included in 12 notes of analysts from August 20, 2015. The rating was upgraded by Bank of America to “Buy” on Monday, November 30. Keefe Bruyette & Woods upgraded New York Community Bancorp, Inc. (NYSE:NYCB) on Friday, October 30 to “Mkt Perform” rating. On Friday, October 30 the stock rating was downgraded by FBR Capital to “Underperform”. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. The rating was upgraded by Standpoint Research on Friday, October 30 to “Buy”. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Neutral” rating given on Friday, October 7 by Wedbush. Sterne Agee CRT upgraded the shares of NYCB in a report on Tuesday, January 5 to “Buy” rating. On Tuesday, January 19 the stock rating was upgraded by FBR Capital to “Mkt Perform”. The firm earned “Buy” rating on Monday, November 2 by Sandler O’Neill. Raymond James upgraded New York Community Bancorp, Inc. (NYSE:NYCB) on Friday, October 30 to “Outperform” rating.

NYCB Company Profile

New York Community Bancorp, Inc., incorporated on July 16, 1993, is a multi-bank holding company. The Firm 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 activities are divided into two divisions: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves clients and businesses by offering and servicing a range of loan and deposit products and other financial services. The Residential Mortgage Banking segment originates, aggregates, sells and services one- to four-family mortgage loans. Mortgage loan products consist of agency-conforming fixed- and adjustable-rate loans and, to a lesser extent, jumbo loans, for the purpose of purchasing or refinancing one- to four-family homes. The Community Bank is a chartered savings bank with approximately 230 branches that operates through over seven local divisions. The Community Bank is a producer of multi-family loans in New York City. The Commercial Bank is a chartered commercial bank with approximately 30 branches in Manhattan, Queens, Brooklyn, Westchester County and Long Island, including approximately 20 that operate under the name, Atlantic Bank. The Commercial Bank offers around the clock banking online, mobile banking and banking by phone. The Firm also serves its clients through approximately three connected Websites: www.myNYCB.com, www.NewYorkCommercialBank.com and www.NYCBfamily.com.

Another recent and important New York Community Bancorp, Inc. (NYSE:NYCB) news was published by Businesswire.com which published an article titled: “New York Community Bancorp, Inc. President and Chief Executive Officer Joseph …” on November 10, 2016.

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By Vivian Park


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