Shares of New York Community Bancorp, Inc. (NYSE:NYCB) ended Friday session in red amid volatile trading. The shares closed down -0.23 points or -1.57% at $14.44 with 5.17 million shares getting traded. Post opening the session at $14.60, the shares hit an intraday low of $14.44 and an intraday high of $14.62 and the price vacillated in this range throughout the day. The company has a market cap of $6.96 billion and the numbers of outstanding shares have been calculated to be 487.07 million shares.
New York Community Bancorp, Inc. (NYCB) 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. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts. Its loan portfolio comprises one-to-four family loans; multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans.
Shares of Cousins Properties Inc (NYSE:CUZ) ended Friday session in red amid volatile trading. The shares closed down -0.02 points or -0.23% at $10.83 with 4.98 million shares getting traded. Post opening the session at $10.81, the shares hit an intraday low of $10.72 and an intraday high of $10.88 and the price vacillated in this range throughout the day. The company has a market cap of $2.22 billion and the numbers of outstanding shares have been calculated to be 220.50 million shares.
Cousins Properties Inc (CUZ) on Aug. 8, 2016 announced results for its second quarter ended June 30, 2016.
Highlights for Second Quarter 2016
- Reported basic and diluted net loss per common share for the second quarter of $0.02
- Reported second quarter FFO of $0.29 per diluted share
- Reported second quarter Recurring FFO of $0.34 per diluted share
- Entered into a definitive agreement with Cousins Properties Incorporated (CUZ) for a stock-for-stock merger and subsequent spin-off of the Houston-based assets of both companies into a new publicly traded REIT
“Parkway’s strong second-quarter core operating results continue to validate our strategy of combining best-in-class assets within select Sunbelt submarkets with local operating expertise,” stated James R. Heistand, President and Chief Executive Officer of Parkway. “Additionally, we continue to maintain a conservative balance sheet with strong coverage ratios. Finally, as we previously announced, in the second quarter we entered into a definitive agreement with Cousins for a stock-for-stock merger and spin-off of the Houston-based assets of both companies into a new publicly traded REIT named Parkway, Inc. We expect to consummate these transactions, which we believe will enhance shareholder value by creating two separate and highly focused REITs, in the fourth quarter of 2016.”