New York Community Bancorp (NYCB) : Kahn Brothers Group Inc De reduced its stake in New York Community Bancorp by 5.97% during the most recent quarter end. The investment management company now holds a total of 2,552,021 shares of New York Community Bancorp which is valued at $36,647,022 after selling 162,096 shares in New York Community Bancorp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.New York Community Bancorp makes up approximately 6.76% of Kahn Brothers Group Inc De’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in NYCB by selling 647,446 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 3,121,734 shares of NYCB which is valued at $44,828,100. New York Community Bancorp makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio. Finemark National Bank Trust added NYCB to its portfolio by purchasing 76 company shares during the most recent quarter which is valued at $1,082.Td Asset Management Inc boosted its stake in NYCB in the latest quarter, The investment management firm added 26,300 additional shares and now holds a total of 564,961 shares of New York Community Bancorp which is valued at $8,191,935. New York Community Bancorp makes up approx 0.01% of Td Asset Management Inc’s portfolio.Rothschild Asset Management Inc reduced its stake in NYCB by selling 651,138 shares or 47.6% in the most recent quarter. The Hedge Fund company now holds 716,856 shares of NYCB which is valued at $10,372,906. New York Community Bancorp makes up approx 0.18% of Rothschild Asset Management Inc’s portfolio.Royal London Asset Management Ltd reduced its stake in NYCB by selling 9,140 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 155,917 shares of NYCB which is valued at $2,256,119. New York Community Bancorp makes up approx 0.04% of Royal London Asset Management Ltd’s portfolio.
New York Community Bancorp closed down -0.04 points or -0.28% at $14.32 with 39,24,049 shares getting traded on Wednesday. Post opening the session at $14.33, the shares hit an intraday low of $14.32 and an intraday high of $14.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.