New York Community Bancorp, Inc. (NYSE:NYCB) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

Several other equities research analysts also recently issued reports on NYCB. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $13.50 price target on shares of New York Community Bancorp in a research note on Wednesday, April 26th. Morgan Stanley lifted their price target on shares of New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 6th. Finally, FBR & Co decreased their price target on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.46.

Shares of New York Community Bancorp (NYSE NYCB) traded down 1.076% on Thursday, hitting $12.415. 766,505 shares of the stock traded hands. The stock has a 50-day moving average price of $12.98 and a 200 day moving average price of $13.75. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 13.524 and a beta of 0.58. New York Community Bancorp has a 12-month low of $12.39 and a 12-month high of $17.68.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million for the quarter, compared to analyst estimates of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same quarter last year, the firm posted $0.26 earnings per share. On average, analysts anticipate that New York Community Bancorp will post $0.83 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in shares of New York Community Bancorp by 12.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock valued at $187,000 after buying an additional 1,500 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of New York Community Bancorp by 16.4% in the first quarter. Cadence Capital Management LLC now owns 72,150 shares of the financial services provider’s stock valued at $1,008,000 after buying an additional 10,192 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of New York Community Bancorp during the first quarter valued at approximately $608,000. Massachusetts Financial Services Co. MA increased its stake in shares of New York Community Bancorp by 2.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,971,604 shares of the financial services provider’s stock valued at $27,543,000 after buying an additional 54,147 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of New York Community Bancorp by 2.3% in the first quarter. Capstone Asset Management Co. now owns 42,587 shares of the financial services provider’s stock valued at $595,000 after buying an additional 960 shares in the last quarter. Institutional investors own 58.67% of the company’s stock.

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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