New York Community Bancorp Rating Lowered to Hold at Standpoint Research (NYCB)
New York Community Bancorp (NASDAQ:NYCB) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
New York Community Bancorp (NASDAQ:NYCB) traded down 0.19% on Monday, hitting $15.60. The stock had a trading volume of 1,356,664 shares. 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 $15.06 and its 200-day moving average is $14.31. The company has a market cap of $6.878 billion and a price-to-earnings ratio of 14.02.
New York Community Bancorp (NASDAQ:NYCB) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.03. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that New York Community Bancorp will post $1.06 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of New York Community Bancorp in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $15.50 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of New York Community Bancorp from $16.00 to $17.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of New York Community Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $17.30 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. New York Community Bancorp has an average rating of “Hold” and a consensus target price of $15.53.
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.
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