New York Community Bancorp, Inc. (NYSE:NYCB) hit a new 52-week low on Wednesday . The stock traded as low as $10.38 and last traded at $10.39, with a volume of 239225 shares. The stock had previously closed at $10.56.

A number of research analysts have weighed in on NYCB shares. B. Riley reduced their target price on New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 19th. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Sandler O’Neill set a $14.00 target price on New York Community Bancorp and gave the company a “buy” rating in a report on Wednesday, July 25th. ValuEngine raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $11.00 target price on shares of New York Community Bancorp in a report on Thursday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and an average price target of $12.59.

The stock has a market cap of $5.16 billion, a PE ratio of 12.84, a PEG ratio of 1.30 and a beta of 0.66. 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 issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. The firm had revenue of $286.66 million during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.22 EPS. equities analysts expect that New York Community Bancorp, Inc. will post 0.81 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in New York Community Bancorp in the 2nd quarter worth approximately $114,000. IBM Retirement Fund bought a new stake in New York Community Bancorp in the 1st quarter worth approximately $137,000. Cullen Frost Bankers Inc. bought a new stake in New York Community Bancorp in the 1st quarter worth approximately $146,000. Archford Capital Strategies LLC bought a new stake in New York Community Bancorp in the 1st quarter worth approximately $165,000. Finally, Mutual Advisors LLC bought a new stake in New York Community Bancorp in the 1st quarter worth approximately $166,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.

About New York Community Bancorp (NYSE:NYCB)

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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