Buckingham Research Downgrades New York Community Bancorp to Neutral (NYCB)
New York Community Bancorp (NASDAQ:NYCB) was downgraded by investment analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
NYCB has been the subject of a number of other recent research reports. Analysts at Guggenheim downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. Separately, analysts at RBC Capital raised their price target on shares of New York Community Bancorp from $14.00 to $15.00 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of New York Community Bancorp from $14.00 to $15.00 in a research note to investors on Thursday, October 24th. They now have a “market perform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $15.44.
New York Community Bancorp (NASDAQ:NYCB) traded down 1.05% on Friday, hitting $17.01. 673,656 shares of the company’s stock traded hands. New York Community Bancorp has a 52-week low of $12.90 and a 52-week high of $17.27. The stock’s 50-day moving average is $16.52 and its 200-day moving average is $15.55. The company has a market cap of $7.499 billion and a P/E ratio of 16.07.
New York Community Bancorp (NASDAQ:NYCB) last released its earnings data on Wednesday, October 23rd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. Analysts expect that New York Community Bancorp will post $1.07 EPS for the current fiscal year.
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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