New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) 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.
Read Our Latest Stock Report on New York Community Bancorp
Institutional Investors Weigh In On New York Community Bancorp
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 – Get Free Report) 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.
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