Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.25.

Several research firms recently commented on NYCB. B. Riley dropped their target price on New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 19th. Sandler O’Neill set a $14.00 target price on New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 25th. ValuEngine lowered New York Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a report on Thursday, July 26th.

New York Community Bancorp stock traded up $0.07 during midday trading on Thursday, hitting $10.45. 54,767 shares of the company were exchanged, compared to its average volume of 4,001,444. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.66. New York Community Bancorp has a fifty-two week low of $10.38 and a fifty-two week high of $14.53. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $286.66 million for the quarter, compared to analyst estimates of $287.86 million. New York Community Bancorp had a return on equity of 6.67% and a net margin of 25.81%. During the same period last year, the company earned $0.22 earnings per share. equities analysts expect that New York Community Bancorp will post 0.81 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of NYCB. BlackRock Inc. lifted its position in shares of New York Community Bancorp by 14.8% in the first quarter. BlackRock Inc. now owns 56,419,781 shares of the financial services provider’s stock valued at $735,149,000 after acquiring an additional 7,287,646 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of New York Community Bancorp by 11.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 30,036,275 shares of the financial services provider’s stock valued at $391,372,000 after acquiring an additional 3,028,210 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of New York Community Bancorp by 589.3% in the first quarter. JPMorgan Chase & Co. now owns 1,443,507 shares of the financial services provider’s stock valued at $18,810,000 after acquiring an additional 1,234,082 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of New York Community Bancorp by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 9,343,156 shares of the financial services provider’s stock valued at $103,152,000 after acquiring an additional 1,191,952 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of New York Community Bancorp by 37.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,335,688 shares of the financial services provider’s stock valued at $36,827,000 after acquiring an additional 908,997 shares in the last quarter. 64.54% of the stock is currently owned by institutional investors.

New York Community Bancorp Company Profile

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

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

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