New York Community Bancorp, Inc. (NYSE:NYCB) has received a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.61.

Several brokerages have weighed in on NYCB. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.75 target price (down previously from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies set a $11.00 target price on shares of New York Community Bancorp and gave the stock a “sell” rating in a research note on Thursday, August 17th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of New York Community Bancorp by 3.1% in the first quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 284 shares during the period. Quantbot Technologies LP purchased a new position in shares of New York Community Bancorp in the first quarter valued at approximately $140,000. Sigma Planning Corp purchased a new position in shares of New York Community Bancorp in the second quarter valued at approximately $135,000. BB&T Securities LLC purchased a new position in shares of New York Community Bancorp in the second quarter valued at approximately $135,000. Finally, Hartford Investment Management Co. purchased a new position in shares of New York Community Bancorp in the second quarter valued at approximately $138,000. 57.50% of the stock is owned by institutional investors and hedge funds.

New York Community Bancorp (NYSE:NYCB) remained flat at $12.29 during midday trading on Friday. 5,014,710 shares of the stock were exchanged. The stock has a market capitalization of $6.01 billion, a P/E ratio of 13.37 and a beta of 0.59. The stock’s 50-day moving average price is $12.30 and its 200-day moving average price is $13.18. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same quarter last year, the firm posted $0.26 earnings per share. On average, analysts expect that New York Community Bancorp will post $0.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Thursday, August 3rd. New York Community Bancorp’s payout ratio is 73.91%.

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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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