Stock analysts at Jefferies Financial Group assumed coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research report issued on Monday, MarketBeat.com reports. The firm set a “hold” rating and a $12.00 price target on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 2.21% from the stock’s previous close.

NYCB has been the topic of several other research reports. UBS Group upgraded shares of New York Community Bancorp from a “sell” rating to a “neutral” rating and raised their target price for the stock from $9.50 to $10.00 in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, February 4th. TheStreet raised shares of New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Wednesday, January 30th. Barclays lowered shares of New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 10th. Finally, Credit Suisse Group restated a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research report on Monday, January 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. New York Community Bancorp currently has an average rating of “Hold” and a consensus target price of $11.95.

NYCB opened at $11.74 on Monday. New York Community Bancorp has a 12 month low of $8.61 and a 12 month high of $13.07. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $5.52 billion, a PE ratio of 14.86, a P/E/G ratio of 1.47 and a beta of 0.98.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. The business had revenue of $270.31 million for the quarter, compared to analyst estimates of $270.24 million. During the same period last year, the company earned $0.26 EPS. On average, analysts predict that New York Community Bancorp will post 0.81 earnings per share for the current year.

In other New York Community Bancorp news, Director Dominick Ciampa bought 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $11.61 per share, for a total transaction of $394,740.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at $87,167.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.17% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NYCB. Norges Bank bought a new stake in New York Community Bancorp during the 4th quarter valued at approximately $41,015,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of New York Community Bancorp by 7.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 41,199,922 shares of the financial services provider’s stock valued at $387,691,000 after purchasing an additional 2,960,395 shares during the period. Millennium Management LLC purchased a new position in shares of New York Community Bancorp in the 4th quarter valued at approximately $16,968,000. Oregon Public Employees Retirement Fund boosted its position in shares of New York Community Bancorp by 841.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,826,839 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 1,632,701 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of New York Community Bancorp by 63.5% during the fourth quarter. Bessemer Group Inc. now owns 3,745,166 shares of the financial services provider’s stock valued at $35,242,000 after purchasing an additional 1,454,055 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

About New York Community Bancorp

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.

Recommended Story: What is a Futures Contract?

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

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.