New York Community Bancorp (NYCB) Rating Reiterated by Keefe, Bruyette & Woods

New York Community Bancorp (NYSE:NYCB)‘s stock had its “hold” rating reiterated by analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They currently have a $14.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 5.42% from the stock’s current price.

Several other research firms also recently issued reports on NYCB. Zacks Investment Research downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet upgraded shares of New York Community Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 15th. Royal Bank of Canada assumed coverage on shares of New York Community Bancorp in a report on Thursday. They set a “sector perform” rating and a $13.00 price objective on the stock. Finally, BidaskClub lowered shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.63.

New York Community Bancorp (NYSE NYCB) opened at $13.28 on Friday. The company has a market cap of $6,460.00, a price-to-earnings ratio of 15.26 and a beta of 0.59. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $16.25. 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 (NYSE:NYCB) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million for the quarter, compared to the consensus estimate 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 firm posted $0.26 EPS. analysts expect that New York Community Bancorp will post 0.68 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in NYCB. Schwab Charles Investment Management Inc. raised its stake in shares of New York Community Bancorp by 4.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,568,222 shares of the financial services provider’s stock worth $20,591,000 after buying an additional 70,973 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of New York Community Bancorp by 17.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 38,061 shares of the financial services provider’s stock worth $528,000 after buying an additional 5,736 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of New York Community Bancorp by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 6,260,906 shares of the financial services provider’s stock worth $82,205,000 after buying an additional 96,814 shares during the last quarter. Legal & General Group Plc raised its stake in shares of New York Community Bancorp by 1.6% during the second quarter. Legal & General Group Plc now owns 2,575,938 shares of the financial services provider’s stock worth $33,823,000 after buying an additional 39,629 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of New York Community Bancorp during the second quarter worth approximately $1,952,000. Institutional investors own 58.44% of the company’s stock.

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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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