Hourglass Capital buys $8,427,880 stake in New York Community Bancorp (NYCB)

New York Community Bancorp (NYCB) : Hourglass Capital scooped up 8,300 additional shares in New York Community Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 593,095 shares of New York Community Bancorp which is valued at $8,427,880.New York Community Bancorp makes up approximately 1.95% of Hourglass Capital’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in NYCB in the latest quarter, The investment management firm added 486,337 additional shares and now holds a total of 14,324,383 shares of New York Community Bancorp which is valued at $203,549,482. New York Community Bancorp makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Grimes Company boosted its stake in NYCB in the latest quarter, The investment management firm added 5,023 additional shares and now holds a total of 27,315 shares of New York Community Bancorp which is valued at $389,785. New York Community Bancorp makes up approx 0.05% of Grimes Company’s portfolio. Atalanta Sosnoff Capital sold out all of its stake in NYCB during the most recent quarter. The investment firm sold 345,351 shares of NYCB which is valued $4,928,159.Ls Investment Advisors boosted its stake in NYCB in the latest quarter, The investment management firm added 13,589 additional shares and now holds a total of 51,214 shares of New York Community Bancorp which is valued at $756,431. New York Community Bancorp makes up approx 0.05% of Ls Investment Advisors’s portfolio.

New York Community Bancorp opened for trading at $14.4 and hit $14.41 on the upside on Friday, eventually ending the session at $14.41, with a gain of 0.28% or 0.04 points. The heightened volatility saw the trading volume jump to 44,50,958 shares. Company has a market cap of $7,019 M.

On the company’s financial health, New York Community Bancorp reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 368.16.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on New York Community Bancorp. Shares were Reiterated by Barclays on Jul 28, 2016 to “Equal Weight” and Lowered the Price Target to $ 16 from a previous price target of $17 .

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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