New York Community Bancorp, Inc. (NYSE:NYCB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other research analysts also recently issued reports about the stock. Barclays PLC 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 research report on Wednesday, October 11th. Zacks Investment Research raised shares of New York Community Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 30th. FBR & Co reaffirmed a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. New York Community Bancorp currently has an average rating of “Hold” and a consensus target price of $12.45.

Shares of New York Community Bancorp (NYCB) opened at $12.97 on Wednesday. New York Community Bancorp has a 52-week low of $11.67 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $5,927.34, a P/E ratio of 13.93 and a beta of 0.57.

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

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A number of large investors have recently modified their holdings of NYCB. Russell Investments Group Ltd. boosted its stake in New York Community Bancorp by 364.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,127,649 shares of the financial services provider’s stock worth $66,095,000 after purchasing an additional 4,023,388 shares during the period. Dimensional Fund Advisors LP boosted its stake in New York Community Bancorp by 40.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,311,010 shares of the financial services provider’s stock worth $69,738,000 after purchasing an additional 1,517,864 shares during the period. Vanguard Group Inc. boosted its stake in New York Community Bancorp by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 40,770,549 shares of the financial services provider’s stock worth $535,317,000 after purchasing an additional 910,170 shares during the period. Alecta Pensionsforsakring Omsesidigt boosted its stake in New York Community Bancorp by 8.6% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock worth $146,946,000 after purchasing an additional 900,000 shares during the period. Finally, First Trust Advisors LP boosted its stake in New York Community Bancorp by 52.9% during the 2nd quarter. First Trust Advisors LP now owns 2,301,781 shares of the financial services provider’s stock worth $30,222,000 after purchasing an additional 796,799 shares during the period. Hedge funds and other institutional investors own 57.88% of the company’s stock.

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.

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

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