New York Community Bancorp (NYCB) Stock Rating Upgraded by ValuEngine

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

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

Shares of NYCB stock opened at $10.89 on Tuesday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.33 and a beta of 0.66. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. New York Community Bancorp has a one year low of $10.40 and a one year high of $14.53.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $286.66 million during the quarter, compared to analysts’ expectations of $287.86 million. New York Community Bancorp had a net margin of 25.81% and a return on equity of 6.67%. During the same quarter last year, the company posted $0.22 earnings per share. equities research analysts predict that New York Community Bancorp will post 0.81 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in New York Community Bancorp during the second quarter worth about $114,000. Andra AP fonden increased its position in New York Community Bancorp by 33.8% during the second quarter. Andra AP fonden now owns 469,500 shares of the financial services provider’s stock worth $5,183,000 after acquiring an additional 118,600 shares during the period. California Public Employees Retirement System increased its position in New York Community Bancorp by 17.3% during the second quarter. California Public Employees Retirement System now owns 1,587,433 shares of the financial services provider’s stock worth $17,525,000 after acquiring an additional 234,681 shares during the period. Highlander Capital Management LLC increased its position in New York Community Bancorp by 8.6% during the second quarter. Highlander Capital Management LLC now owns 107,500 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 8,500 shares during the period. Finally, Millennium Management LLC increased its position in New York Community Bancorp by 161.4% during the second quarter. Millennium Management LLC now owns 80,090 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 49,453 shares during the period. 64.56% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Company Profile

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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