New York Community Bancorp (NYCB) Rating Lowered to Hold at ValuEngine

New York Community Bancorp (NYSE:NYCB) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other research analysts have also recently issued reports on NYCB. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. TheStreet raised shares of New York Community Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 15th. Royal Bank of Canada started coverage on shares of New York Community Bancorp in a report on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of New York Community Bancorp in a report on Friday, December 22nd. Finally, Barclays lifted their target price on shares of New York Community Bancorp from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.19.

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Shares of New York Community Bancorp (NYSE NYCB) opened at $13.01 on Friday. The stock has a market cap of $6,608.09, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $14.53. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.40 and a quick ratio of 1.40.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. equities analysts expect that New York Community Bancorp will post 0.86 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of NYCB. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of New York Community Bancorp by 33.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after purchasing an additional 7,036,258 shares during the period. Mondrian Investment Partners LTD bought a new position in shares of New York Community Bancorp during the fourth quarter worth $47,004,000. Mackenzie Financial Corp bought a new position in shares of New York Community Bancorp during the fourth quarter worth $13,176,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of New York Community Bancorp during the fourth quarter worth $9,636,000. Finally, BlackRock Inc. boosted its position in shares of New York Community Bancorp by 1.1% during the fourth quarter. BlackRock Inc. now owns 49,132,135 shares of the financial services provider’s stock worth $639,700,000 after acquiring an additional 518,946 shares during the last quarter. Institutional investors and hedge funds own 60.17% 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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