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

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.39.

A number of brokerages have commented on NYCB. Morgan Stanley boosted their price objective on New York Community Bancorp from $14.00 to $14.75 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. ValuEngine lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. TheStreet lowered New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, B. Riley raised New York Community Bancorp from a “sell” rating to a “neutral” rating and upped their target price for the company from $12.00 to $13.00 in a report on Monday.

A number of institutional investors have recently bought and sold shares of the stock. Gotham Asset Management LLC lifted its stake in New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 1,794 shares during the last quarter. Comerica Bank lifted its stake in New York Community Bancorp by 1.0% in the fourth quarter. Comerica Bank now owns 431,082 shares of the financial services provider’s stock valued at $5,983,000 after purchasing an additional 4,154 shares during the last quarter. National Planning Corp lifted its stake in New York Community Bancorp by 32.8% in the third quarter. National Planning Corp now owns 17,253 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 4,266 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in New York Community Bancorp by 3.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 146,687 shares of the financial services provider’s stock valued at $1,891,000 after purchasing an additional 4,271 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in New York Community Bancorp by 20.5% in the third quarter. Brookstone Capital Management now owns 26,428 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 4,505 shares during the last quarter. Institutional investors and hedge funds own 59.13% of the company’s stock.

Shares of New York Community Bancorp (NYSE:NYCB) traded up $0.10 on Tuesday, reaching $13.54. The company’s stock had a trading volume of 3,987,654 shares, compared to its average volume of 4,873,778. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $6,620.00, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.60 and a beta of 0.65. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $15.59.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $296.32 million during the quarter, compared to analyst estimates of $300.29 million. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. analysts expect that New York Community Bancorp will post 0.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, February 12th. New York Community Bancorp’s dividend payout ratio is presently 75.56%.

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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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