New York Community Bancorp, Inc. (NYSE:NYCB) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

A number of other research firms have also commented on NYCB. Morgan Stanley raised their price target on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. FBR & Co lowered their price target on shares of New York Community Bancorp from $14.00 to $13.00 and set an “underperform” rating on the stock in a research report on Friday, April 7th. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $15.00 price target on shares of New York Community Bancorp and gave the stock a “hold” rating in a research report on Tuesday, April 4th. Finally, Stephens started coverage on shares of New York Community Bancorp in a research report on Wednesday, April 5th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. New York Community Bancorp has an average rating of “Hold” and a consensus price target of $14.46.

New York Community Bancorp (NYSE:NYCB) traded down 0.08% during mid-day trading on Wednesday, reaching $12.93. 2,514,708 shares of the company were exchanged. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 13.61 and a beta of 0.59. New York Community Bancorp has a 12-month low of $12.61 and a 12-month high of $17.68. The company’s 50 day moving average price is $13.12 and its 200-day moving average price is $14.05.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. New York Community Bancorp had a return on equity of 7.72% and a net margin of 26.19%. The business had revenue of $327.09 million for the quarter, compared to the consensus estimate of $342.04 million. During the same period in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that New York Community Bancorp will post $0.81 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in New York Community Bancorp by 53.6% in the first quarter. State of Alaska Department of Revenue now owns 166,761 shares of the financial services provider’s stock valued at $2,329,000 after buying an additional 58,205 shares in the last quarter. DnB Asset Management AS raised its position in New York Community Bancorp by 25.4% in the first quarter. DnB Asset Management AS now owns 36,027 shares of the financial services provider’s stock valued at $503,000 after buying an additional 7,300 shares in the last quarter. Louisiana State Employees Retirement System raised its position in New York Community Bancorp by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 123,300 shares of the financial services provider’s stock valued at $1,723,000 after buying an additional 2,900 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in New York Community Bancorp by 4.5% in the first quarter. Oliver Luxxe Assets LLC now owns 214,482 shares of the financial services provider’s stock valued at $2,996,000 after buying an additional 9,247 shares in the last quarter. Finally, BLB&B Advisors LLC raised its position in New York Community Bancorp by 0.6% in the first quarter. BLB&B Advisors LLC now owns 62,203 shares of the financial services provider’s stock valued at $869,000 after buying an additional 392 shares in the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

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