New York Community Bancorp, Inc. (NYSE:NYCB)‘s stock had its “sell” rating reiterated by Piper Jaffray Companies in a research report issued on Tuesday. They presently have a $11.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price objective indicates a potential downside of 13.86% from the company’s previous close.

A number of other brokerages have also recently commented on NYCB. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.75 price target (down previously from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Barclays PLC cut their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.45.

Shares of New York Community Bancorp (NYSE:NYCB) traded up 0.47% during mid-day trading on Tuesday, reaching $12.77. The company had a trading volume of 3,691,551 shares. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 13.90 and a beta of 0.58. New York Community Bancorp has a one year low of $11.67 and a one year high of $17.68. The stock has a 50 day moving average of $12.58 and a 200-day moving average of $12.88.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $338.21 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.26 earnings per share. Equities analysts predict that New York Community Bancorp will post $0.78 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in NYCB. Pacer Advisors Inc. boosted its position in shares of New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 779 shares in the last quarter. Sigma Planning Corp bought a new position in shares of New York Community Bancorp during the 2nd quarter worth about $135,000. BB&T Securities LLC bought a new position in shares of New York Community Bancorp during the 2nd quarter worth about $135,000. Hartford Investment Management Co. bought a new position in shares of New York Community Bancorp during the 2nd quarter worth about $138,000. Finally, MML Investors Services LLC boosted its position in shares of New York Community Bancorp by 24.8% during the 2nd quarter. MML Investors Services LLC now owns 12,809 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 2,548 shares in the last quarter. 57.47% of the stock is currently owned by 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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