BidaskClub lowered shares of New York Community Bancorp, Inc. (NYSE:NYCB) from a sell rating to a strong sell rating in a report issued on Wednesday.
Several other research analysts also recently commented on NYCB. Stephens started coverage on New York Community Bancorp in a report on Wednesday, April 5th. They set an equal weight rating on the stock. Keefe, Bruyette & Woods set a $15.00 target price on New York Community Bancorp and gave the stock a hold rating in a report on Tuesday, April 4th. FBR & Co cut their target price on New York Community Bancorp from $14.00 to $13.00 and set an underperform rating on the stock in a report on Friday, April 7th. ValuEngine raised New York Community Bancorp from a hold rating to a buy rating in a report on Thursday, May 11th. Finally, Morgan Stanley lifted their price objective on New York Community Bancorp from $13.50 to $14.00 and gave the stock an equal weight rating in a research report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of $14.46.
Shares of New York Community Bancorp (NYSE:NYCB) traded up 0.31% during trading on Wednesday, hitting $12.97. The stock had a trading volume of 1,070,878 shares. New York Community Bancorp has a one year low of $12.61 and a one year high of $17.68. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 13.65 and a beta of 0.59. The stock has a 50 day moving average price of $13.12 and a 200-day moving average price of $14.04.
New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $327.09 million for the quarter, compared to analyst estimates of $342.04 million. New York Community Bancorp had a return on equity of 7.72% and a net margin of 26.19%. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that New York Community Bancorp will post $0.81 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in New York Community Bancorp by 0.4% in the first quarter. IFP Advisors Inc now owns 36,799 shares of the financial services provider’s stock worth $514,000 after buying an additional 157 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of New York Community Bancorp by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 84,178 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 239 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of New York Community Bancorp by 3.1% in the first quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after buying an additional 284 shares in the last quarter. Private Asset Management Inc. increased its position in shares of New York Community Bancorp by 0.7% in the second quarter. Private Asset Management Inc. now owns 46,425 shares of the financial services provider’s stock worth $610,000 after buying an additional 300 shares in the last quarter. Finally, New England Research & Management Inc. increased its position in shares of New York Community Bancorp by 1.5% in the second quarter. New England Research & Management Inc. now owns 23,600 shares of the financial services provider’s stock worth $310,000 after buying an additional 350 shares in the last quarter. 58.56% of the stock is currently owned by hedge funds and other institutional investors.
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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