New York Community Bancorp, Inc. (NYCB) Sees Significant Increase in Short Interest

New York Community Bancorp, Inc. (NYSE:NYCB) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 39,497,420 shares, an increase of 14.6% from the January 12th total of 34,454,646 shares. Based on an average daily trading volume, of 4,644,183 shares, the short-interest ratio is currently 8.5 days. Approximately 8.3% of the shares of the company are sold short.

A number of institutional investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC lifted its holdings in New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 1,794 shares during the period. Comerica Bank lifted its holdings in New York Community Bancorp by 1.0% in the fourth quarter. Comerica Bank now owns 431,082 shares of the financial services provider’s stock valued at $5,983,000 after acquiring an additional 4,154 shares during the period. National Planning Corp lifted its holdings in New York Community Bancorp by 32.8% in the third quarter. National Planning Corp now owns 17,253 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 4,266 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in New York Community Bancorp by 3.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 146,687 shares of the financial services provider’s stock valued at $1,891,000 after acquiring an additional 4,271 shares during the period. Finally, Brookstone Capital Management lifted its holdings in New York Community Bancorp by 20.5% in the third quarter. Brookstone Capital Management now owns 26,428 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 4,505 shares during the period. 59.13% of the stock is owned by institutional investors.

New York Community Bancorp (NYSE NYCB) traded up $0.31 during trading on Wednesday, reaching $13.85. The company’s stock had a trading volume of 5,497,134 shares, compared to its average volume of 4,893,904. New York Community Bancorp has a 12 month low of $11.67 and a 12 month high of $15.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $6,720.00, a P/E ratio of 15.37, a P/E/G ratio of 1.58 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The company had revenue of $296.32 million during the quarter, compared to the consensus estimate of $300.29 million. equities analysts anticipate that New York Community Bancorp will post 0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Monday, February 12th. New York Community Bancorp’s dividend payout ratio (DPR) is currently 75.56%.

A number of research firms recently weighed in on NYCB. Morgan Stanley lifted their price objective on shares of New York Community Bancorp from $14.00 to $14.75 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Finally, B. Riley upgraded shares of New York Community Bancorp from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $13.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $13.22.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.themarketsdaily.com/2018/02/14/new-york-community-bancorp-inc-nycb-sees-significant-increase-in-short-interest.html.

About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply