TheStreet upgraded shares of New York Community Bancorp (NYSE:NYCB) from a c rating to a b- rating in a report issued on Friday morning.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered New York Community Bancorp from a hold rating to a sell rating in a research note on Thursday, December 14th. ValuEngine upgraded New York Community Bancorp from a hold rating to a buy rating in a research note on Friday, December 1st. BidaskClub upgraded New York Community Bancorp from a sell rating to a hold rating in a research note on Wednesday, November 15th. FBR & Co restated a sell rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Finally, Piper Jaffray Companies restated a sell rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $12.45.

New York Community Bancorp (NYSE:NYCB) opened at $13.26 on Friday. New York Community Bancorp has a 52-week low of $11.67 and a 52-week high of $17.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $6,416.40, a P/E ratio of 15.08 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities analysts predict that New York Community Bancorp will post 0.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.13%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 78.16%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of New York Community Bancorp by 2.3% during the second 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. Barrow Hanley Mewhinney & Strauss LLC increased its stake in New York Community Bancorp by 33.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after acquiring an additional 7,036,258 shares during the period. State Street Corp increased its stake in New York Community Bancorp by 1.8% during the 2nd quarter. State Street Corp now owns 21,898,657 shares of the financial services provider’s stock worth $287,534,000 after acquiring an additional 376,921 shares during the period. Alecta Pensionsforsakring Omsesidigt increased 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 acquiring an additional 900,000 shares during the period. Finally, Renaissance Technologies LLC increased its stake in New York Community Bancorp by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 10,289,400 shares of the financial services provider’s stock worth $135,100,000 after acquiring an additional 642,723 shares during the period. Institutional investors own 58.44% of the company’s stock.

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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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