New York Community Bancorp (NYCB) : Pensionfund Sabic has sold out all of its stake in New York Community Bancorp during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 60,000 shares of New York Community Bancorp which is valued at $904,800.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in NYCB during the most recent quarter. The investment firm sold 120,000 shares of NYCB which is valued $1.8 Million.
On the company’s financial health, New York Community Bancorp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.27.Analysts expectations of $ 347.70.During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on New York Community Bancorp. Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 16 from a previous price target of $17 .FBR Capital Upgraded New York Community Bancorp on Jan 19, 2016 to ” Mkt Perform”, Price Target of the shares are set at $15.
New York Community Bancorp opened for trading at $15.06 and hit $15.29 on the upside on Monday, eventually ending the session at $15.08, with a gain of 0.33% or 0.05 points. The heightened volatility saw the trading volume jump to 44,40,701 shares. Company has a market cap of $7,334 M.
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.