Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have received an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.13.
Several equities research analysts have recently commented on NYCB shares. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 15th. ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, January 12th. Bank of America upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, Barclays boosted their price objective on New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd.
A number of institutional investors have recently made changes to their positions in NYCB. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in New York Community Bancorp by 33.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after buying an additional 7,036,258 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in New York Community Bancorp by 364.4% during the third quarter. Russell Investments Group Ltd. now owns 5,127,649 shares of the financial services provider’s stock worth $66,095,000 after buying an additional 4,023,388 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in New York Community Bancorp during the fourth quarter worth $47,004,000. Mackenzie Financial Corp bought a new stake in New York Community Bancorp during the fourth quarter worth $13,176,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in New York Community Bancorp during the fourth quarter worth $9,636,000. Institutional investors and hedge funds own 60.46% of the company’s stock.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The firm had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. equities research analysts expect that New York Community Bancorp will post 0.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.81%. New York Community Bancorp’s dividend payout ratio is 75.56%.
ILLEGAL ACTIVITY NOTICE: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2018/03/15/new-york-community-bancorp-inc-nycb-given-consensus-rating-of-hold-by-brokerages.html.
New York Community Bancorp Company Profile
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.
Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.