New York Community Bancorp (NYSE:NYCB) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of New York Community Bancorp (NYSE:NYCB) in a report issued on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. Barclays raised New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Wedbush reissued a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their target price on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Raymond James raised New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, New York Community Bancorp presently has an average rating of “Hold” and a consensus target price of $17.48.

New York Community Bancorp Stock Performance

The stock has a market capitalization of $4.38 billion, a P/E ratio of -2.42 and a beta of 1.00. The firm has a 50 day moving average price of $11.07 and a 200 day moving average price of $12.22. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.47. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 2.52.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.29). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $621.72 million. New York Community Bancorp had a negative return on equity of 11.35% and a negative net margin of 18.40%. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, equities research analysts forecast that New York Community Bancorp will post -3 earnings per share for the current fiscal year.

Institutional Trading of New York Community Bancorp

Institutional investors have recently modified their holdings of the company. AlphaMark Advisors LLC boosted its holdings in shares of New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,803 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of New York Community Bancorp during the second quarter worth about $28,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 6,029 shares during the period. Allworth Financial LP purchased a new stake in shares of New York Community Bancorp during the third quarter worth about $29,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of New York Community Bancorp by 4,665.0% during the second quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 9,330 shares during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.