New York Community Bancorp (NYSE:NYCB) had its target price raised by Morgan Stanley from $14.00 to $14.75 in a research report sent to investors on Thursday morning. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts also recently commented on NYCB. BidaskClub downgraded shares of New York Community Bancorp from a buy rating to a hold rating in a report on Friday, October 6th. Barclays 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, October 11th. Piper Jaffray Companies reiterated a sell rating and issued a $11.00 target price on shares of New York Community Bancorp in a report on Tuesday, October 24th. FBR & Co reiterated a sell rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Finally, Zacks Investment Research upgraded shares of New York Community Bancorp from a sell rating to a hold rating in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $13.25.

New York Community Bancorp (NYSE:NYCB) opened at $13.92 on Thursday. The company has a market cap of $6,799.79, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.66 and a beta of 0.65. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $15.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given a $0.17 dividend. The ex-dividend date is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 4.89%. New York Community Bancorp’s dividend payout ratio is 75.56%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new stake in New York Community Bancorp in the 3rd quarter worth $103,000. Robeco Institutional Asset Management B.V. acquired a new stake in New York Community Bancorp in the 4th quarter worth $113,000. Brown Advisory Inc. acquired a new stake in New York Community Bancorp in the 3rd quarter worth $146,000. Sapphire Star Partners LP acquired a new stake in New York Community Bancorp in the 3rd quarter worth $155,000. Finally, Forward Management LLC acquired a new stake in New York Community Bancorp in the 4th quarter worth $165,000. Institutional investors own 59.25% 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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