Royal Bank of Canada began coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research note published on Friday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $12.00 target price on the financial services provider’s stock.

Several other research firms also recently commented on NYCB. Jefferies Financial Group boosted their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the company a hold rating in a report on Monday, April 8th. Zacks Investment Research downgraded GasLog Partners LP Unit from a hold rating to a strong sell rating in a report on Tuesday, April 2nd. B. Riley set a $75.00 price objective on Comerica and gave the company a hold rating in a report on Thursday, July 11th. Finally, TheStreet upgraded SUMMIT THERAPEU/S from a d rating to a c- rating in a report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. New York Community Bancorp has a consensus rating of Hold and an average price target of $12.28.

NYSE NYCB opened at $10.49 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. New York Community Bancorp has a 52 week low of $8.61 and a 52 week high of $12.72. The firm’s 50 day moving average price is $10.01. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.31 and a current ratio of 1.31.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $266.11 million during the quarter, compared to the consensus estimate of $268.24 million. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities analysts expect that New York Community Bancorp will post 0.77 EPS for the current year.

In related news, Director Hanif Dahya purchased 1,640 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of $26.31 per share, for a total transaction of $43,148.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.31% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC purchased a new position in New York Community Bancorp in the first quarter worth $125,000. Advisory Services Network LLC boosted its position in New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 999 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in New York Community Bancorp by 42.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,000 shares during the last quarter. Colrain Capital LLC purchased a new position in New York Community Bancorp in the first quarter worth $93,000. Finally, Banco Santander S.A. purchased a new position in New York Community Bancorp in the first quarter worth $129,000. Institutional investors and hedge funds own 63.02% of the company’s stock.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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

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