Today’s Shorts Alert: New York Community Bancorp Incorporated (NYSE:NYCB) Can’t Be Less Risky. Short Interest Decreased

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Shorts Alert: New York Community Bancorp Incorporated (NYSE:NYCB) Can't Be Less Risky. Short Interest Decreased

The stock of New York Community Bancorp Incorporated (NYSE:NYCB) registered a decrease of 2.52% in short interest. NYCB’s total short interest was 39.81M shares in November as published by FINRA. Its down 2.52% from 40.84M shares, reported previously. With 3.23 million shares average volume, it will take short sellers 12 days to cover their NYCB’s short positions. The short interest to New York Community Bancorp Incorporated’s float is 8.42%. About 542,395 shares traded hands. New York Community Bancorp, Inc. (NYSE:NYCB) has risen 4.46% since April 27, 2016 and is uptrending. It has underperformed by 0.77% the S&P500.

New York Community Bancorp, Inc. is a multi-bank holding company. The company has a market cap of $7.90 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.

Insitutional Activity: The institutional sentiment is 1.08 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 41 funds sold all New York Community Bancorp, Inc. shares owned while 119 reduced positions. only 36 funds bought stakes while 137 increased positions. They now own 294.08 million shares or 10.42% more from 266.32 million shares in 2016Q1.
A D Beadell Counsel reported 115,100 shares or 1.41% of all its holdings. Ubs Asset Management Americas last reported 0.02% of its portfolio in the stock. Sumitomo Mitsui Trust Incorporated last reported 0.04% of its portfolio in the stock. Blackrock Fund Advisors, a California-based fund reported 20.89M shares. Qualcomm De accumulated 0.04% or 21,000 shares. Delta Asset Management Lc Tn has 0% invested in the company for 1,200 shares. Commerzbank Aktiengesellschaft Fi owns 20,443 shares or 0% of their US portfolio. Ladenburg Thalmann Services Inc reported 104,706 shares or 0.03% of all its holdings. First Bankshares Na last reported 0.13% of its portfolio in the stock. Gam Hldgs Ag has invested 0% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB). Strs Ohio holds 0.01% or 112,016 shares in its portfolio. Susquehanna Int Grp Llp holds 0% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 76,097 shares. Park Circle, a Maryland-based fund reported 91,000 shares. Moreover, Morgan Stanley has 0.02% invested in New York Community Bancorp, Inc. (NYSE:NYCB) for 4.31 million shares. First Republic Mgmt Inc accumulated 0.27% or 1.86 million shares.

Insider Transactions: Since September 8, 2016, the stock had 1 buying transaction, and 0 insider sales for $144,270 net activity. The insider CIAMPA DOMINICK bought 9,350 shares worth $144,270.

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

Out of 9 analysts covering New York Community Bancorp Inc. (NYSE:NYCB), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. New York Community Bancorp Inc. has been the topic of 12 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, November 30 by Bank of America. Sterne Agee CRT initiated it with “Neutral” rating and $18 target price in Thursday, August 20 report. On Monday, November 2 the stock rating was upgraded by Sandler O’Neill to “Buy”. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) earned “Mkt Perform” rating by FBR Capital on Tuesday, January 19. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Buy” rating given on Friday, October 30 by Standpoint Research. The firm has “Neutral” rating by Wedbush given on Friday, October 7. Keefe Bruyette & Woods upgraded the stock to “Mkt Perform” rating in Friday, October 30 report. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Buy” rating given on Tuesday, January 5 by Sterne Agee CRT. The firm has “Underperform” rating by FBR Capital given on Friday, October 30. The rating was upgraded by Raymond James on Friday, October 30 to “Outperform”.

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.

More news for New York Community Bancorp, Inc. (NYSE:NYCB) were recently published by: Businesswire.com, which released: “New York Community Bancorp, Inc. President and Chief Executive Officer Joseph …” on November 10, 2016. Nasdaq.com‘s article titled: “New York Community Bancorp, Inc. (NYCB) Ex-Dividend Date Scheduled for …” and published on November 02, 2016 is yet another important article.

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By Ruchi Gupta

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