New York Community Bancorp (NYSE:NYCB) had its price objective raised by Barclays from $12.00 to $13.00 in a research note issued on Tuesday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays’ price objective indicates a potential downside of 0.15% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Royal Bank of Canada started coverage on New York Community Bancorp in a research report on Thursday, December 21st. They set a “sector perform” rating and a $13.00 price target on the stock. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $11.00 price target on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.79.
Shares of New York Community Bancorp (NYSE NYCB) traded down $0.11 during trading on Tuesday, reaching $13.02. The company’s stock had a trading volume of 3,601,500 shares, compared to its average volume of 4,027,325. The company has a market cap of $6,367.49, a P/E ratio of 14.97 and a beta of 0.59. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98. New York Community Bancorp has a 12 month low of $11.67 and a 12 month high of $16.25.
Institutional investors and hedge funds have recently bought and sold shares of the company. Gotham Asset Management LLC lifted its stake in shares of New York Community Bancorp by 6.6% during the 2nd quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of New York Community Bancorp by 4.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,053,064 shares of the financial services provider’s stock worth $26,956,000 after purchasing an additional 78,689 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of New York Community Bancorp by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock worth $83,743,000 after purchasing an additional 235,792 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of New York Community Bancorp during the 3rd quarter worth $374,000. Finally, Janus Henderson Group PLC lifted its stake in shares of New York Community Bancorp by 141.2% during the 2nd quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock worth $2,208,000 after purchasing an additional 98,442 shares during the last quarter. 58.44% of the stock is currently owned by institutional investors and hedge funds.
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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.
