New York Community Bancorp Stock Rating Lowered by Zacks (NYCB)
New York Community Bancorp (NASDAQ:NYCB) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, ARN reports. They currently have a $17.30 price target on the stock. Zacks‘ price target indicates a potential upside of 18.90% from the stock’s previous close.
Shares of New York Community Bancorp (NASDAQ:NYCB) traded up 0.82% during mid-day trading on Tuesday, hitting $14.67. 1,497,399 shares of the company’s stock traded hands. New York Community Bancorp has a one year low of $12.40 and a one year high of $15.86. The stock’s 50-day moving average is $15.11 and its 200-day moving average is $14.08. The company has a market cap of $6.468 billion and a P/E ratio of 13.05.
New York Community Bancorp (NASDAQ:NYCB) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. During the same quarter in the previous year, the company posted $0.30 earnings per share. Analysts expect that New York Community Bancorp will post $1.05 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of New York Community Bancorp (NASDAQ:NYCB) from $15.00 to $17.00 in a research note to investors on Tuesday, August 13th. Separately, analysts at BMO Capital Markets raised their price target on shares of New York Community Bancorp (NASDAQ:NYCB) from $15.00 to $17.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of New York Community Bancorp (NASDAQ:NYCB) from $16.00 to $17.00 in a research note to investors on Thursday, July 25th.
Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.37.
New York Community Bancorp, Inc is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.
To view Zacks’ full report, visit www.zacks.com
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