New York Community Bancorp (NYSE:NYCB) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently issued reports on NYCB. Credit Suisse Group reiterated a “neutral” rating and set a $12.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, August 28th. Royal Bank of Canada reiterated a “hold” rating and set a $11.00 price objective on shares of New York Community Bancorp in a research note on Thursday, July 26th. Sandler O’Neill set a $14.00 price objective on New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 25th. B. Riley dropped their price objective on New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 19th. Finally, Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.59.

NYSE NYCB traded up $0.07 during trading on Tuesday, hitting $10.84. The stock had a trading volume of 3,021,700 shares, compared to its average volume of 4,803,940. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.33 and a beta of 0.66. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. New York Community Bancorp has a 12 month low of $10.40 and a 12 month high of $14.53.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $286.66 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.22 EPS. equities research analysts forecast that New York Community Bancorp will post 0.81 EPS for the current year.

Several institutional investors have recently made changes to their positions in NYCB. Municipal Employees Retirement System of Michigan increased its holdings in shares of New York Community Bancorp by 3.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 152,310 shares of the financial services provider’s stock worth $1,985,000 after acquiring an additional 4,400 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of New York Community Bancorp by 6.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 76,071 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 4,500 shares during the last quarter. WBI Investments Inc. increased its holdings in shares of New York Community Bancorp by 7.5% during the 1st quarter. WBI Investments Inc. now owns 64,459 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 4,521 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of New York Community Bancorp by 16.1% during the 1st quarter. Toronto Dominion Bank now owns 33,478 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 4,654 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of New York Community Bancorp by 17.3% during the 2nd quarter. Assetmark Inc. now owns 33,762 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 4,991 shares during the last quarter. Institutional investors own 64.56% of the company’s stock.

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.

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

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