New York Community Bancorp, Inc. (NYCB) Receives Average Rating of “Hold” from Analysts

New York Community Bancorp, Inc. (NYSE:NYCB) has received an average rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.29.

A number of research firms have issued reports on NYCB. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of New York Community Bancorp in a report on Friday, December 22nd. Barclays reduced their target price on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th.

Institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its holdings in shares of New York Community Bancorp by 65.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 29,520 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 11,720 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of New York Community Bancorp by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,861,141 shares of the financial services provider’s stock valued at $24,449,000 after purchasing an additional 93,806 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of New York Community Bancorp by 3.7% in the 2nd quarter. Nationwide Fund Advisors now owns 854,595 shares of the financial services provider’s stock valued at $11,221,000 after purchasing an additional 30,487 shares in the last quarter. Amalgamated Bank raised its holdings in shares of New York Community Bancorp by 183.4% in the 2nd quarter. Amalgamated Bank now owns 93,532 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 60,533 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of New York Community Bancorp by 3.6% in the 2nd quarter. New York State Common Retirement Fund now owns 1,066,700 shares of the financial services provider’s stock valued at $14,006,000 after purchasing an additional 36,699 shares in the last quarter. Institutional investors own 58.44% of the company’s stock.

New York Community Bancorp (NYSE:NYCB) traded up $0.18 during trading hours on Friday, hitting $13.90. 4,190,000 shares of the company were exchanged, compared to its average volume of 4,160,000. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $6,800.00, a PE ratio of 15.98, a P/E/G ratio of 1.66 and a beta of 0.59. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $16.18.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same quarter last year, the company posted $0.26 EPS. equities analysts predict that New York Community Bancorp will post 0.68 earnings per share for the current year.

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About New York Community Bancorp

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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