Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have received an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.88.
A number of equities research analysts have recently issued reports on NYCB shares. BidaskClub cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Barclays PLC dropped 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. Finally, Piper Jaffray Companies set a $11.00 target price on shares of New York Community Bancorp and gave the company a “sell” rating in a report on Thursday, August 17th.
Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of New York Community Bancorp by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 284 shares during the period. Sigma Planning Corp bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at about $135,000. BB&T Securities LLC bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at about $135,000. Hartford Investment Management Co. bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at about $138,000. Finally, National Asset Management Inc. bought a new stake in shares of New York Community Bancorp in the 1st quarter valued at about $161,000. 57.49% of the stock is currently owned by institutional investors.
New York Community Bancorp (NYSE:NYCB) traded down 0.39% during trading on Wednesday, reaching $12.84. The company’s stock had a trading volume of 3,180,935 shares. The company has a market cap of $6.28 billion, a P/E ratio of 13.97 and a beta of 0.58. The company’s 50 day moving average price is $12.38 and its 200 day moving average price is $12.95. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $17.68.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The company had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. During the same period in the prior year, the business posted $0.26 EPS. On average, equities analysts anticipate that New York Community Bancorp will post $0.78 earnings per share for the current fiscal year.
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.
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