New York Community Bancorp (NYSE:NYCB) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Barclays dropped their price target on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “sell” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada initiated coverage on New York Community Bancorp in a research note on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. New York Community Bancorp has a consensus rating of “Hold” and a consensus target price of $13.11.

Shares of New York Community Bancorp (NYSE:NYCB) opened at $13.72 on Tuesday. The company has a market capitalization of $6,695.16, a P/E ratio of 15.77, a PEG ratio of 1.66 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 twelve month low of $11.67 and a twelve month high of $16.18.

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

A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in New York Community Bancorp by 56.1% during the 4th quarter. State of Alaska Department of Revenue now owns 91,533 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 32,900 shares during the period. Mondrian Investment Partners LTD bought a new position in New York Community Bancorp during the 4th quarter worth $47,004,000. Fox Run Management L.L.C. bought a new position in New York Community Bancorp during the 4th quarter worth $631,000. Schwab Charles Investment Management Inc. increased its position in New York Community Bancorp by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,722,584 shares of the financial services provider’s stock worth $22,429,000 after buying an additional 113,510 shares during the period. Finally, Creative Planning increased its position in New York Community Bancorp by 2.1% during the 4th quarter. Creative Planning now owns 319,433 shares of the financial services provider’s stock worth $4,159,000 after buying an additional 6,634 shares during the period. Hedge funds and other institutional investors own 58.44% of the company’s stock.

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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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