New York Community Bancorp, Inc. (NYCB) is Highlander Capital Management LLC’s 5th Largest Position

Highlander Capital Management LLC lifted its stake in New York Community Bancorp, Inc. (NYSE:NYCB) by 151.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 169,773 shares of the financial services provider’s stock after acquiring an additional 102,251 shares during the quarter. New York Community Bancorp accounts for 1.8% of Highlander Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Highlander Capital Management LLC’s holdings in New York Community Bancorp were worth $2,277,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NYCB. Pacer Advisors Inc. increased its position in shares of New York Community Bancorp by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 284 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of New York Community Bancorp in the 2nd quarter valued at approximately $135,000. BB&T Securities LLC purchased a new stake in shares of New York Community Bancorp in the 2nd quarter valued at approximately $135,000. Hartford Investment Management Co. purchased a new stake in shares of New York Community Bancorp in the 2nd quarter valued at approximately $138,000. Finally, Quantbot Technologies LP purchased a new stake in shares of New York Community Bancorp in the 1st quarter valued at approximately $140,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

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New York Community Bancorp, Inc. (NYSE NYCB) traded down 1.00% on Monday, hitting $12.84. 1,019,269 shares of the company were exchanged. The stock has a market cap of $6.28 billion, a PE ratio of 13.97 and a beta of 0.58. The firm has a 50 day moving average of $12.33 and a 200-day moving average of $12.98. New York Community Bancorp, Inc. has a 52-week low of $11.67 and a 52-week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million for the quarter, compared to analysts’ expectations of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities analysts expect that New York Community Bancorp, Inc. will post $0.78 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies set a $11.00 price objective on shares of New York Community Bancorp and gave the company a “sell” rating in a research report on Thursday, August 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $13.38.

New York Community Bancorp Company Profile

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.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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