Majedie Asset Management Ltd Lowers stake in New York Community Bancorp (NYCB)

New York Community Bancorp (NYCB) : Majedie Asset Management Ltd reduced its stake in New York Community Bancorp by 3.26% during the most recent quarter end. The investment management company now holds a total of 2,158,975 shares of New York Community Bancorp which is valued at $31.8 Million after selling 72,765 shares in New York Community Bancorp , the firm said in a disclosure report filed with the SEC on May 12, 2016.New York Community Bancorp makes up approximately 4.64% of Majedie Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Omers Administration Corp boosted its stake in NYCB in the latest quarter, The investment management firm added 110,900 additional shares and now holds a total of 499,000 shares of New York Community Bancorp which is valued at $7.3 Million. New York Community Bancorp makes up approx 0.17% of Omers Administration Corp’s portfolio.Bronfman E.l. Rothschild reduced its stake in NYCB by selling 155 shares or 33.19% in the most recent quarter. The Hedge Fund company now holds 312 shares of NYCB which is valued at $4,549. Pacad Investment Ltd. sold out all of its stake in NYCB during the most recent quarter. The investment firm sold 21,400 shares of NYCB which is valued $312,012. Campbell Co Investment Adviser added NYCB to its portfolio by purchasing 12,700 company shares during the most recent quarter which is valued at $185,166. New York Community Bancorp makes up approx 0.67% of Campbell Co Investment Adviser’s portfolio.

New York Community Bancorp opened for trading at $15.05 and hit $15.21 on the upside on Friday, eventually ending the session at $15.18, with a gain of 1.00% or 0.15 points. The heightened volatility saw the trading volume jump to 39,12,919 shares. Company has a market cap of $7,393 M.

On the company’s financial health, New York Community Bancorp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 370.65.During the same quarter in the previous year, the company posted $0.29 EPS.

New York Community Bancorp Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans it originates commercial real estate loans (primarily in New York City as well as Long Island and New Jersey) and to a much lesser extent acquisition development and construction (ADC) loans and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan Queens Brooklyn Westchester County and Long Island including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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