FBR Capital Markets Increases New York Community Bancorp Price Target to $15.00 (NYCB)
Investment analysts at FBR Capital Markets hoisted their target price on shares of New York Community Bancorp (NASDAQ:NYCB) from $14.00 to $15.00 in a note issued to investors on Thursday, AR Network reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price would suggest a potential downside of 6.48% from the stock’s previous close.
New York Community Bancorp (NASDAQ:NYCB) traded up 1.52% on Thursday, hitting $16.04. 2,691,704 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 has a 50-day moving average of $15.11 and a 200-day moving average of $14.11. The company has a market cap of $7.072 billion and a price-to-earnings ratio of 14.17.
New York Community Bancorp (NASDAQ:NYCB) last released its earnings data on Wednesday, October 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Tuesday, November 5th.
In other New York Community Bancorp news, Director John M. Tsimbinos sold 25,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $15.75, for a total value of $393,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NYCB has been the subject of a number of other recent research reports. Analysts at Standpoint Research downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They noted that the move was a valuation call. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. New York Community Bancorp presently has a consensus rating of “Hold” and an average price target of $15.62.
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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