Anchor Capital Advisors Lowers stake in New York Community Bancorp (NYCB)

New York Community Bancorp (NYCB) : Anchor Capital Advisors reduced its stake in New York Community Bancorp by 2.47% during the most recent quarter end. The investment management company now holds a total of 3,971,297 shares of New York Community Bancorp which is valued at $57,464,668 after selling 100,378 shares in New York Community Bancorp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.New York Community Bancorp makes up approximately 1.47% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in NYCB by selling 4,275 shares or 79.24% in the most recent quarter. The Hedge Fund company now holds 1,120 shares of NYCB which is valued at $16,206.Retirement Systems Of Alabama boosted its stake in NYCB in the latest quarter, The investment management firm added 1,092 additional shares and now holds a total of 628,229 shares of New York Community Bancorp which is valued at $8,964,828. New York Community Bancorp makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.Daiwa Securities Group boosted its stake in NYCB in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 11,900 shares of New York Community Bancorp which is valued at $169,813.Winslow Evans Crocker boosted its stake in NYCB in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 9,526 shares of New York Community Bancorp which is valued at $140,699. New York Community Bancorp makes up approx 0.04% of Winslow Evans Crocker’s portfolio.

New York Community Bancorp opened for trading at $14.31 and hit $14.42 on the upside on Thursday, eventually ending the session at $14.36, with a gain of 0.42% or 0.06 points. The heightened volatility saw the trading volume jump to 39,86,646 shares. Company has a market cap of $6,994 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.

Leave a Reply

New York Community Bancorp - Is it time to Sell?

Top Brokerage Firms are advising their investors on New York Community Bancorp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.