New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.84.
Several equities analysts recently issued reports on NYCB shares. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods upped their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research note on Monday, July 15th. Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. Citigroup increased their price objective on New York Community Bancorp from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, Barclays boosted their target price on New York Community Bancorp from $12.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th.
View Our Latest Stock Analysis on New York Community Bancorp
Institutional Investors Weigh In On New York Community Bancorp
New York Community Bancorp Stock Down 4.6 %
Shares of NYSE:NYCB opened at $11.44 on Friday. The company has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $7.60. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.27. The company has a market capitalization of $3.13 billion, a PE ratio of 381.33 and a beta of 1.00. New York Community Bancorp has a 52 week low of $5.10 and a 52 week high of $34.92.
New York Community Bancorp (NYSE:NYCB – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. During the same period in the previous year, the business posted $4.23 EPS. The business’s quarterly revenue was down 44.2% compared to the same quarter last year. Analysts forecast that New York Community Bancorp will post -2.43 earnings per share for the current year.
New York Community Bancorp Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Friday, September 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 133.33%.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
Read More
- Five stocks we like better than New York Community Bancorp
- Stock Analyst Ratings and Canadian Analyst Ratings
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 9/16 – 9/20
- Why Are Stock Sectors Important to Successful Investing?
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.