As New York Cmnty Bancorp (NYCB) Market Value Declined, Endeavour Capital Advisors Trimmed Stake; As Citigroup (C) Shares Rose, Fagan Associates Increased Stake by $509,328

January 14, 2018 - By Migdalia James

Endeavour Capital Advisors Inc decreased its stake in New York Cmnty Bancorp Inc (NYCB) by 18.13% based on its latest 2017Q3 regulatory filing with the SEC. Endeavour Capital Advisors Inc sold 70,664 shares as the company’s stock declined 14.48% while stock markets rallied. The hedge fund held 319,084 shares of the finance company at the end of 2017Q3, valued at $4.11M, down from 389,748 at the end of the previous reported quarter. Endeavour Capital Advisors Inc who had been investing in New York Cmnty Bancorp Inc for a number of months, seems to be less bullish one the $6.67B market cap company. The stock decreased 1.02% or $0.14 during the last trading session, reaching $13.64. About 4.64 million shares traded or 13.21% up from the average. New York Community Bancorp, Inc. (NYSE:NYCB) has declined 13.57% since January 14, 2017 and is downtrending. It has underperformed by 30.27% the S&P500.

Fagan Associates Inc increased its stake in Citigroup Inc (C) by 53.49% based on its latest 2017Q3 regulatory filing with the SEC. Fagan Associates Inc bought 7,074 shares as the company’s stock rose 1.55% with the market. The institutional investor held 20,299 shares of the major banks company at the end of 2017Q3, valued at $1.48M, up from 13,225 at the end of the previous reported quarter. Fagan Associates Inc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $203.17 billion market cap company. The stock increased 1.69% or $1.28 during the last trading session, reaching $76.84. About 16.95M shares traded or 12.74% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 14, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.10, from 1.14 in 2017Q2. It dived, as 37 investors sold NYCB shares while 97 reduced holdings. 30 funds opened positions while 109 raised stakes. 278.63 million shares or 0.22% more from 278.04 million shares in 2017Q2 were reported. Td Asset Mgmt Incorporated reported 819,553 shares or 0.02% of all its holdings. Profund Advisors Ltd Liability Corp stated it has 59,339 shares or 0.03% of all its holdings. Parsec Fincl Mngmt Inc holds 0.01% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 10,921 shares. The California-based First Republic Management has invested 0.07% in New York Community Bancorp, Inc. (NYSE:NYCB). Peak6 Invs LP holds 0.01% or 82,493 shares. Bb&T Securities Ltd Liability Corp owns 11,369 shares. Capital Intll stated it has 3.65M shares. Archford Strategies Ltd has 0.33% invested in New York Community Bancorp, Inc. (NYSE:NYCB) for 68,850 shares. Perigon Wealth Management Ltd Liability Corp has 2,500 shares. Edge Wealth Management Ltd Liability Com invested in 0.02% or 4,316 shares. Legal General Gru Plc holds 2.70 million shares or 0.03% of its portfolio. Next Financial Gp Inc has invested 0.01% in New York Community Bancorp, Inc. (NYSE:NYCB). 1.33 million were reported by Automobile Association. Schwab Charles Invest Management accumulated 1.61 million shares. Credit Suisse Ag has invested 0.01% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB).

Endeavour Capital Advisors Inc, which manages about $972.14M and $264.86 million US Long portfolio, upped its stake in First Midwest Bancorp Del (NASDAQ:FMBI) by 379,475 shares to 1.10M shares, valued at $25.65 million in 2017Q3, according to the filing. It also increased its holding in Veritex Hldgs Inc by 416,897 shares in the quarter, for a total of 590,962 shares, and has risen its stake in Signature Bk New York N Y (NASDAQ:SBNY).

Among 13 analysts covering New York Community Bancorp Inc. (NYSE:NYCB), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. New York Community Bancorp Inc. had 33 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, April 27 with “Underperform”. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Friday, October 30. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, January 5. Piper Jaffray maintained New York Community Bancorp, Inc. (NYSE:NYCB) on Tuesday, September 19 with “Sell” rating. On Tuesday, October 24 the stock rating was maintained by Piper Jaffray with “Sell”. As per Monday, November 2, the company rating was upgraded by Sandler O’Neill. The company was upgraded on Friday, October 30 by Standpoint Research. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. As per Monday, November 30, the company rating was upgraded by Bank of America. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Neutral” rating given on Tuesday, December 20 by Bank of America.

Analysts await New York Community Bancorp, Inc. (NYSE:NYCB) to report earnings on January, 24. They expect $0.17 earnings per share, down 26.09% or $0.06 from last year’s $0.23 per share. NYCB’s profit will be $83.14M for 20.06 P/E if the $0.17 EPS becomes a reality. After $0.21 actual earnings per share reported by New York Community Bancorp, Inc. for the previous quarter, Wall Street now forecasts -19.05% negative EPS growth.

Since August 4, 2017, it had 0 buys, and 2 selling transactions for $3.05 million activity. Aristeguieta Francisco had sold 40,000 shares worth $2.70M.

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