New York Community Bancorp (NYSE: NYCB) recently received a number of ratings updates from brokerages and research firms:

  • 9/27/2017 – New York Community Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “New York Community Bancorp, Inc. is a leading producer of multi-family loans in New York City, with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank, with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank, with 36 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York. Reflecting its growth through a series of acquisitions, the Community Bank operates through five local divisions: Queens County Savings Bank in Queens, Roslyn Savings Bank on Long Island, Richmond County Savings Bank on Staten Island, Roosevelt Savings Bank in Brooklyn, and Garden State Community Bank in New Jersey. Similarly, the Commercial Bank operates 17 of its branches under the name Atlantic Bank. “
  • 9/26/2017 – New York Community Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/19/2017 – New York Community Bancorp had its “sell” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $11.00 price target on the stock.
  • 9/13/2017 – New York Community Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/30/2017 – New York Community Bancorp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “New York Community Bancorp, Inc. is a leading producer of multi-family loans in New York City, with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank, with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank, with 36 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York. Reflecting its growth through a series of acquisitions, the Community Bank operates through five local divisions: Queens County Savings Bank in Queens, Roslyn Savings Bank on Long Island, Richmond County Savings Bank on Staten Island, Roosevelt Savings Bank in Brooklyn, and Garden State Community Bank in New Jersey. Similarly, the Commercial Bank operates 17 of its branches under the name Atlantic Bank. “
  • 8/17/2017 – New York Community Bancorp was given a new $11.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.
  • 8/10/2017 – New York Community Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of New York Community Bancorp, Inc. (NYCB) opened at 12.95 on Wednesday. New York Community Bancorp, Inc. has a 12-month low of $11.67 and a 12-month high of $17.68. The firm has a 50-day moving average of $12.27 and a 200-day moving average of $12.99. The company has a market cap of $6.33 billion, a P/E ratio of 14.09 and a beta of 0.58.

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

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.

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