Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have received a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.56.

A number of brokerages have recently issued reports on NYCB. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC dropped their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies set a $11.00 target price on New York Community Bancorp and gave the stock a “sell” rating in a research report on Thursday, August 17th.

A number of hedge funds have recently modified their holdings of NYCB. JPMorgan Chase & Co. boosted its stake in New York Community Bancorp by 107.3% in the first quarter. JPMorgan Chase & Co. now owns 307,586 shares of the financial services provider’s stock valued at $4,296,000 after acquiring an additional 159,206 shares during the period. Dimensional Fund Advisors LP boosted its stake in New York Community Bancorp by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,793,146 shares of the financial services provider’s stock valued at $52,997,000 after acquiring an additional 802,152 shares during the period. Amalgamated Bank boosted its stake in New York Community Bancorp by 7.2% in the first quarter. Amalgamated Bank now owns 32,999 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 2,220 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in New York Community Bancorp by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,497,249 shares of the financial services provider’s stock valued at $20,917,000 after acquiring an additional 68,657 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in New York Community Bancorp in the first quarter valued at approximately $378,000. Institutional investors own 57.43% of the company’s stock.

Shares of New York Community Bancorp (NYCB) traded up $0.12 during midday trading on Friday, hitting $12.12. The stock had a trading volume of 5,179,831 shares, compared to its average volume of 3,980,451. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $17.68. The stock has a market capitalization of $5,920.00, a price-to-earnings ratio of 13.85 and a beta of 0.57. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. The business had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. During the same period in the previous year, the company earned $0.26 earnings per share. research analysts expect that New York Community Bancorp will post 0.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Monday, November 6th. New York Community Bancorp’s dividend payout ratio is currently 78.16%.

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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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