Short Interest in New York Community Bancorp Rises By 6.6% (NYCB)
Shares of New York Community Bancorp (NYSE:NYCB) were the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 45,527,320 shares, a growth of 6.6% from the April 30th total of 42,710,466 shares, Analyst Ratings.Net reports. Based on an average daily volume of 2,718,043 shares, the days-to-cover ratio is currently 16.8 days. Approximately 10.7% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of New York Community Bancorp in a research note on Thursday, May 1st. They now have a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.35.
New York Community Bancorp (NYSE:NYCB) opened at 15.79 on Monday. New York Community Bancorp has a 52-week low of $13.03 and a 52-week high of $17.39. The stock has a 50-day moving average of $15.44 and a 200-day moving average of $16.0. The company has a market cap of $6.990 billion and a P/E ratio of 14.70.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts predict that New York Community Bancorp will post $1.05 earnings per share 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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