Banking Stocks Under Scanner -- New York Community Bancorp, People's United Financial, Investors Bancorp, and BofI Holding

Aug 17, 2016, 07:55 ET from Chelmsford Park SA

NEW YORK, August 17, 2016 /PRNewswire/ -- redirects investors' attention to the Savings and Loans industry, which in the second quarter has slightly improved due to a rebound in oil prices and the continued recovery of the U.S. economy. Stocks under review are New York Community Bancorp Inc. (NYSE: NYCB), People's United Financial Inc. (NASDAQ: PBCT), Investors Bancorp Inc. (NASDAQ: ISBC), and BofI Holding Inc. (NASDAQ: BOFI). You can access of our complimentary research reports on these stocks now at:

New York Community Bancorp  

At the close on Tuesday, shares in Westbury, New York-based New York Community Bancorp Inc. rose 0.63%, ending the day at $14.36. The stock recorded a trading volume of 2.61 million shares. The Company's shares are trading below their 50-day moving average by 1.90%. Moreover, shares of New York Community Bancorp, which operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona, have a Relative Strength Index (RSI) of 47.86.

On July 27th, 2016, New York Community Bancorp reported GAAP earnings of $126.5 million, or $0.26 per diluted share, for the three months ended June 30th, 2016, as compared to $123.7 million, or $0.28 per diluted share, in the year-earlier three months. The Company recorded net interest income of $325.6 million in the current Q2, $2.3 million less than the trailing-quarter level and $40.5 million greater than the year-earlier amount.

On July 28th, 2016, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with a decrease of the target price from $17 a share to $16 a share. Visit us today and download your complete report on NYCB for free at:

People's United Financial  

Shares in Bridgeport, Connecticut headquartered People's United Financial Inc. ended the day 0.52% lower at $15.43 and with a total volume of 2.44 million shares traded. The stock has gained 1.85% in the last month and 4.10% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 2.37% and 1.59%, respectively. Furthermore, shares of People's United Financial, which operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers, have an RSI of 55.53.

On July 21st, 2016, People's United Bank, N.A. announced  that its subsidiary, People's Securities, Inc., has entered into a definitive agreement to acquire Gerstein Fisher, a $3 billion, New York City-based investment management firm serving individuals and families, institutions, and third-party platforms. The transaction is expected to bring People's United Wealth Management's total assets under administration to nearly $20 billion, of which approximately $8 billion is under discretionary management. The complimentary research report on PBCT can be accessed at:

Investors Bancorp  

On Tuesday, shares in Short Hills, New Jersey headquartered Investors Bancorp Inc. finished 0.18% lower at $11.29 with a total volume of 1.99 million shares traded. The stock is trading below its 50-day moving average by 0.01%. Shares of the Company, which operates as the holding company for Investors Bank that provides community banking products and services to individuals and businesses in the US, have an RSI of 50.94.

On July 27th, Investors Bancorp, reported net income of $44.4 million, or $0.15 per diluted share, for the three months ended June 30th, 2016, compared to $46.4 million, or $0.14 per diluted share, for the three months ended June 30th, 2015. The company noted that total assets increased $528.3 million, or 2% to $21.72 billion at June 30th, 2016, from $21.19 billion at March 31st, 2016. Register for free on and download the PDF research report on ISBC at:

BofI Holding  

San Diego, California-based BofI Holding Inc.'s stock recorded a trading volume of 655,152 shares at the end of yesterday's session and closed the day at $18.24, gaining 0.16%. The stock has advanced 9.81% in the last one month and 3.52% in the previous three months. The Company's shares are trading above their 50-day moving average by 5.02%. Additionally, shares of BofI Holding, which operates as the holding company for BofI Federal Bank that provides consumer and business banking products through the Internet in the US, have an RSI at 58.34.

On August 2nd, 2016, BofI Holding reported that net income was $29.7 million, an increase of 21.9% over net income of $24.4 million for the quarter ended June 30th, 2015. Earnings attributable to BofI's common stockholders were $29.7 million, or $0.46 per diluted share, for Q4 FY16, an increase of 21.9% from $24.3 million, or $0.39 per diluted share, for Q4 ended June 30th, 2015. Get free access to your research report on BOFI at:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA