New York Community Bancorp, Inc. (NYSE:NYCB) Receives $17.48 Average PT from Analysts

New York Community Bancorp, Inc. (NYSE:NYCB) has been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.48.

A number of research firms have commented on NYCB. Wedbush reissued a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Citigroup upped their price objective on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd.

Institutional Investors Weigh In On New York Community Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in New York Community Bancorp in the 3rd quarter worth $29,000. Hantz Financial Services Inc. acquired a new position in shares of New York Community Bancorp in the second quarter valued at about $28,000. AlphaMark Advisors LLC raised its stake in shares of New York Community Bancorp by 26.0% in 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 last quarter. Carmichael Hill & Associates Inc. boosted its position in New York Community Bancorp by 201.0% in the second 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 during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in New York Community Bancorp by 4,665.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock worth $31,000 after buying an additional 9,330 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Trading Up 0.3 %

NYCB opened at $11.81 on Thursday. New York Community Bancorp has a 52 week low of $5.10 and a 52 week high of $34.47. The company has a market capitalization of $4.90 billion, a P/E ratio of -4.28 and a beta of 1.00. The stock’s fifty day moving average is $11.10 and its two-hundred day moving average is $12.17. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results 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 net margin of 10.78% and a negative return on equity of 4.49%. The firm had revenue of $671.00 million for the quarter, compared to analysts’ expectations of $722.47 million. During the same quarter in the prior year, the business posted $4.23 EPS. The business’s quarterly revenue was down 44.2% on a year-over-year basis. Analysts forecast that New York Community Bancorp will post -2.41 earnings per share for the current year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. New York Community Bancorp’s payout ratio is -1.45%.

About New York Community Bancorp

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.