Underhill Investment Management Position in First American Financial (FAF) Has Trimmed as Share Price Declined; Highlander Capital Management Has Decreased Position in New York Community Bancorp (NYCB) as Share Price Declined

June 14, 2018 - By Richard Conner

First American Financial Corporation (NYSE:FAF) Logo

Underhill Investment Management Llc decreased its stake in First American Financial (FAF) by 8.23% based on its latest 2018Q1 regulatory filing with the SEC. Underhill Investment Management Llc sold 23,375 shares as the company’s stock declined 7.87% with the market. The institutional investor held 260,775 shares of the specialty insurers company at the end of 2018Q1, valued at $15.30M, down from 284,150 at the end of the previous reported quarter. Underhill Investment Management Llc who had been investing in First American Financial for a number of months, seems to be less bullish one the $5.78B market cap company. The stock decreased 0.40% or $0.21 during the last trading session, reaching $51.82. About 245,607 shares traded. First American Financial Corporation (NYSE:FAF) has risen 25.01% since June 14, 2017 and is uptrending. It has outperformed by 12.44% the S&P500. Some Historical FAF News: 09/05/2018 – FIRST AMERICAN FINANCIAL CORPORATION APPOINTS MARTHA B. WYRSCH TO BOARD OF DIRECTORS; 08/05/2018 – First American Financial Corporation Declares Quarterly Cash Dividend of 38 Cents Per Share; 22/04/2018 – DJ First American Financial Corporatio, Inst Holders, 1Q 2018 (FAF); 09/05/2018 – First American Financial Names Martha B. Wyrsch to Bd of Directors; 26/03/2018 – ACI Unveils Next Generation Sky Report Featuring Native App and Powerful Tools; 23/05/2018 – The Surprising Impact of Rising Rates on Market Potential, According to First American Potential Home Sales Model

Highlander Capital Management Llc decreased its stake in New York Community Bancorp Inc (NYCB) by 37.24% based on its latest 2018Q1 regulatory filing with the SEC. Highlander Capital Management Llc sold 58,750 shares as the company’s stock declined 15.49% with the market. The institutional investor held 99,000 shares of the finance company at the end of 2018Q1, valued at $1.28M, down from 157,750 at the end of the previous reported quarter. Highlander Capital Management Llc who had been investing in New York Community Bancorp Inc for a number of months, seems to be less bullish one the $5.67 billion market cap company. The stock increased 0.09% or $0.01 during the last trading session, reaching $11.57. About 4.35 million shares traded. New York Community Bancorp, Inc. (NYSE:NYCB) has declined 8.26% since June 14, 2017 and is downtrending. It has underperformed by 20.83% the S&P500. Some Historical NYCB News: 23/03/2018 – FITCH AFFIRMS NEW YORK COMMUNITY AT ‘BBB+’/’F2’; OUTLOOK TO NEG; 09/05/2018 – New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora To Speak At Barclays Investor Confere; 22/05/2018 – New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora to Speak at Deutsche Bank Investor Conference; 25/04/2018 – NY Community Bancorp 1Q Net $106.6M; 15/05/2018 – New York Community Presenting at Barclays Conference Tomorrow; 25/04/2018 – NY Community Bancorp 1Q EPS 20c; 25/04/2018 – NEW YORK COMMUNITY 1Q EPS 20C, EST. 20C; 20/04/2018 – DJ New York Community Bancorp Inc, Inst Holders, 1Q 2018 (NYCB); 09/05/2018 – New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora To Speak At Barclays Investor Conference; 23/04/2018 – S&P REVISES NEW YORK COMMUNITY BANK OUTLOOK TO ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BBB’

More news for New York Community Bancorp, Inc. (NYSE:NYCB) were recently published by: Finance.Yahoo.com, which released: “6 Important Factors to Consider Before You Buy Bank of America Corp Stock” on June 08, 2018. Investorplace.com‘s article titled: “9 Undervalued Dividend Stocks You Should Consider Buying In June” and published on May 31, 2018 is yet another important article.

Analysts await New York Community Bancorp, Inc. (NYSE:NYCB) to report earnings on July, 25. They expect $0.20 earnings per share, down 9.09% or $0.02 from last year’s $0.22 per share. NYCB’s profit will be $98.08 million for 14.46 P/E if the $0.20 EPS becomes a reality. After $0.20 actual earnings per share reported by New York Community Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Highlander Capital Management Llc, which manages about $131.70M and $167.97 million US Long portfolio, upped its stake in Parker Hannifin Corp (NYSE:PH) by 2,250 shares to 5,675 shares, valued at $951,000 in 2018Q1, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 4,600 shares in the quarter, for a total of 15,956 shares, and has risen its stake in Wells Fargo & Co (NYSE:WFC).

Among 15 analysts covering New York Community Bancorp Inc. (NYSE:NYCB), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. New York Community Bancorp Inc. had 45 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, February 12 by FBR Capital. FBR Capital maintained the stock with “Underperform” rating in Thursday, April 27 report. The firm has “Underperform” rating by FBR Capital given on Friday, October 30. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, July 28. Keefe Bruyette & Woods upgraded the stock to “Mkt Perform” rating in Friday, October 30 report. Piper Jaffray maintained New York Community Bancorp, Inc. (NYSE:NYCB) rating on Wednesday, August 16. Piper Jaffray has “Sell” rating and $11.0 target. The firm earned “Buy” rating on Monday, March 26 by Sandler O’Neill. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Equal-Weight” rating given on Thursday, April 26 by Barclays Capital. As per Tuesday, January 5, the company rating was upgraded by Sterne Agee CRT. Sterne Agee CRT initiated the stock with “Neutral” rating in Thursday, August 20 report.

Investors sentiment increased to 1.22 in 2018 Q1. Its up 0.23, from 0.99 in 2017Q4. It increased, as 26 investors sold NYCB shares while 101 reduced holdings. 39 funds opened positions while 116 raised stakes. 305.17 million shares or 8.40% more from 281.53 million shares in 2017Q4 were reported. Hsbc Plc owns 119,009 shares. Point72 Asia (Hong Kong) Limited holds 0% or 470 shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys invested 0.02% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB). Crawford Investment Counsel has 0.01% invested in New York Community Bancorp, Inc. (NYSE:NYCB) for 17,415 shares. Cambridge Rech Advsrs Incorporated has 198,619 shares. Northwestern Mutual Wealth Co holds 21,486 shares or 0% of its portfolio. Janney Montgomery Scott Ltd Liability Company accumulated 356,226 shares. Shufro Rose & Limited Liability Corp has 22,100 shares for 0.03% of their portfolio. Pinnacle Assoc Limited accumulated 0.01% or 27,691 shares. Delta Asset Mgmt Limited Co Tn holds 1,200 shares. Goldman Sachs Group stated it has 0.05% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB). Tokio Marine Asset Mngmt invested 0.28% in New York Community Bancorp, Inc. (NYSE:NYCB). New York State Teachers Retirement has invested 0.03% in New York Community Bancorp, Inc. (NYSE:NYCB). Japan-based Daiwa Secs Incorporated has invested 0% in New York Community Bancorp, Inc. (NYSE:NYCB). Brandywine Global Investment Limited Company holds 0.04% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 470,649 shares.

Investors sentiment increased to 1.13 in 2018 Q1. Its up 0.02, from 1.11 in 2017Q4. It is positive, as 21 investors sold FAF shares while 116 reduced holdings. 63 funds opened positions while 92 raised stakes. 92.16 million shares or 2.17% more from 90.20 million shares in 2017Q4 were reported. Dupont Mgmt Corporation owns 0.22% invested in First American Financial Corporation (NYSE:FAF) for 152,083 shares. Mirae Asset Glob Invests Com Ltd holds 0% or 5,958 shares in its portfolio. Becker Cap Mngmt invested in 5,813 shares or 0.01% of the stock. Renaissance Technologies Limited Liability Com invested 0.02% of its portfolio in First American Financial Corporation (NYSE:FAF). Mackay Shields Limited Liability Co holds 259,835 shares or 0.1% of its portfolio. Connors Investor Services Inc stated it has 128,099 shares or 1.1% of all its holdings. Macquarie Grp Ltd holds 2,500 shares or 0% of its portfolio. Wedge Capital Mgmt L Limited Partnership Nc stated it has 0.01% of its portfolio in First American Financial Corporation (NYSE:FAF). Glenmede Trust Communication Na holds 33,400 shares or 0.01% of its portfolio. Verition Fund Limited Liability Co has invested 0.05% in First American Financial Corporation (NYSE:FAF). 188,232 were reported by Voya Mngmt. Scotia Inc invested 0.04% in First American Financial Corporation (NYSE:FAF). Captrust Financial Advisors holds 293 shares. Citadel Advisors Ltd Co reported 0.02% stake. State Treasurer State Of Michigan reported 40,400 shares.

More recent First American Financial Corporation (NYSE:FAF) news were published by: Seekingalpha.com which released: “First American Financial (FAF) Investor Presentation – Slideshow” on May 18, 2018. Also Businesswire.com published the news titled: “First-Time Home Buyer Demand Resilient to Rising Rates, According to First American Real Estate Sentiment Index” on June 12, 2018. Streetinsider.com‘s news article titled: “First American Financial (FAF) Investor Day Highlights Growth and Income Opportunities” with publication date: May 22, 2018 was also an interesting one.

Underhill Investment Management Llc, which manages about $221.72 million and $206.52M US Long portfolio, upped its stake in Brown Forman Inc Cl B (NYSE:BF.B) by 53,865 shares to 272,335 shares, valued at $14.82 million in 2018Q1, according to the filing. It also increased its holding in Keysight Technologies Com (NYSE:KEYS) by 94,343 shares in the quarter, for a total of 244,218 shares, and has risen its stake in Air Lease Corp Cl A (NYSE:AL).

Since April 30, 2018, it had 0 buys, and 1 insider sale for $1.42 million activity.

Analysts await First American Financial Corporation (NYSE:FAF) to report earnings on July, 26. They expect $1.24 earnings per share, up 26.53% or $0.26 from last year’s $0.98 per share. FAF’s profit will be $138.31 million for 10.45 P/E if the $1.24 EPS becomes a reality. After $0.71 actual earnings per share reported by First American Financial Corporation for the previous quarter, Wall Street now forecasts 74.65% EPS growth.

New York Community Bancorp, Inc. (NYSE:NYCB) Institutional Positions Chart

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