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Published: Sat, January 28, 2017
Economy | By Melissa Porter

New York Community Bancorp posts 4Q profit

New York Community Bancorp posts 4Q profit

This insider holds 1,120,796 shares with a market value around $16957643.48 as of recent close. Analysts had expected New York Community Bancorp, Inc. The financial services provider reported $0.67 EPS for the quarter, missing the Zacks' consensus estimate of $0.69 by $0.02. Equities research analysts forecast that Community Trust Bancorp will post $2.75 EPS for the current fiscal year. Community Trust Bancorp has a 52 week low of $31.87 and a 52 week high of $51.35. (NASDAQ:CTBI) from an underperform rating to a neutral rating in a research note published on Tuesday.

Moving toward technical analysis, debt to equity ratio stands at 0. NYSE:NYCB has a 50 day moving average of 16.27 Dollars and a 200 day moving average of 15.18 USD. The company projects a long term annual growth estimate of 7.6 percent. EPS or Earning per Share stands at $-0.13. This represents a $1.28 annualized dividend and a dividend yield of 2.59%.

Community Trust Bancorp, Inc.

Several brokerages have recently commented on CTBI. Sandler O'Neill downgraded Community Trust Bancorp from a hold rating to a sell rating in a research note on Thursday, January 19th. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp, Inc. with MarketBeat.com's FREE daily email newsletter.

Shares of New York Community Bancorp, Inc. Analysts have a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The biggest holder now is Joseph R. Ficalora who owns 3,171,768 shares (0.65% of those outstanding), whilst Michael F. Manzulli holds 1,155,242 (0.24% of shares outstanding) and Robert Wann holds 1,120,796 (0.23% of shares outstanding). The sale was disclosed in a document filed with the SEC, which is accessible through this link. Following the completion of the transaction, the insider is left with a stake of 740,642 shares, amounting $11205913.46. Insiders own 5.10% of the company's stock.

A number of large investors have recently added to or reduced their stakes in NYCB. Smith Asset Management Group LP raised its stake in shares of Community Trust Bancorp by 68.2% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider's stock valued at $138,000 after buying an additional 2,639 shares during the period.

New York Community Bancorp, Inc. Shell Asset Management Co. purchased a new stake in shares of Community Trust Bancorp during the second quarter worth approximately $559,000. BlackRock Advisors LLC raised its position in Community Trust Bancorp by 1.5% in the second quarter. Advisory Services Network LLC now owns 7,621 shares of the financial services provider's stock worth $114,000 after buying an additional 548 shares during the period. Huntington National Bank now owns 21,410 shares of the financial services provider's stock worth $321,000 after buying an additional 580 shares during the period. The Westbury, New York-based company said it had profit of 23 cents per share. The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.

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