New York Community Bancorp, Inc. (NYSE:NYCB) Receives Consensus Recommendation of “Hold” from Analysts

New York Community Bancorp, Inc. (NYSE:NYCB) 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.

Institutional Investors Weigh In On New York Community Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in New York Community Bancorp by 3,583.0% in the 1st quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 8,026 shares during the period. AlphaMark Advisors LLC lifted its holdings in New York Community Bancorp by 26.0% during the 2nd 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 last quarter. Hantz Financial Services Inc. bought a new stake in New York Community Bancorp in the 2nd quarter valued at $28,000. Carmichael Hill & Associates Inc. grew its holdings in New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock valued at $29,000 after buying an additional 6,029 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in New York Community Bancorp by 66.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider’s stock worth $31,000 after buying an additional 3,876 shares during the period. Institutional investors own 67.88% of the company’s stock.

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) 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.