New York Community Bancorp, Inc. (NYSE:NYCB) Given Consensus Rating of “Hold” by Analysts

New York Community Bancorp, Inc. (NYSE:NYCB) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.00.

NYCB has been the subject of a number of research reports. B. Riley set a $13.00 price target on New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 31st. TheStreet upgraded New York Community Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, August 15th. Bank of America set a $13.00 price objective on New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $9.50 to $11.50 in a research report on Thursday, August 1st. Finally, Royal Bank of Canada began coverage on New York Community Bancorp in a research report on Friday, July 12th. They set an “outperform” rating and a $12.00 price objective on the stock.

Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors raised its position in New York Community Bancorp by 57.8% during the second quarter. Captrust Financial Advisors now owns 2,730 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,000 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of New York Community Bancorp by 52.0% in the second quarter. TCI Wealth Advisors Inc. now owns 4,259 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,457 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of New York Community Bancorp in the second quarter worth approximately $61,000. Advisory Services Network LLC raised its holdings in shares of New York Community Bancorp by 18.1% in the second quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,063 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of New York Community Bancorp in the second quarter worth approximately $85,000. Institutional investors and hedge funds own 63.96% of the company’s stock.

New York Community Bancorp stock traded up $0.03 during midday trading on Monday, reaching $13.02. 4,112,942 shares of the stock traded hands, compared to its average volume of 4,898,471. The stock’s fifty day moving average is $12.32 and its 200-day moving average is $11.21. New York Community Bancorp has a 12 month low of $8.61 and a 12 month high of $13.39. The stock has a market cap of $5.96 billion, a P/E ratio of 16.48, a PEG ratio of 1.64 and a beta of 1.00. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.17.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. New York Community Bancorp had a return on equity of 6.52% and a net margin of 21.73%. The company had revenue of $255.29 million during the quarter, compared to analyst estimates of $255.49 million. During the same period in the prior year, the company earned $0.20 earnings per share. On average, equities analysts predict that New York Community Bancorp will post 0.78 EPS for the current fiscal year.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

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