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

New York Community Bancorp, Inc. (NYSE:NYCB) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.70.

Several research analysts have weighed in on NYCB shares. Keefe, Bruyette & Woods boosted their price target on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Wedbush restated a “neutral” rating and set a $31.50 target price on shares of New York Community Bancorp in a report on Friday, July 26th. Citigroup increased their price target on shares of New York Community Bancorp from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $14.00 in a research note on Thursday. Finally, Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th.

New York Community Bancorp Stock Performance

Shares of New York Community Bancorp stock opened at $11.46 on Friday. The stock’s fifty day simple moving average is $13.30 and its 200 day simple moving average is $7.84. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The company has a market capitalization of $4.27 billion, a PE ratio of 382.00 and a beta of 1.00. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.50.

New York Community Bancorp (NYSE:NYCB) last announced its 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). The business had revenue of $671.00 million for the quarter, compared to analyst estimates of $722.47 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business’s revenue for the quarter was down 44.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 EPS. On average, research analysts predict that New York Community Bancorp will post -2.43 EPS for the current year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Saturday, September 7th were issued a $0.01 dividend. 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 is 133.33%.

Institutional Investors Weigh In On New York Community Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC bought a new stake in New York Community Bancorp in the 4th quarter valued at about $173,000. Norges Bank acquired a new stake in New York Community Bancorp during the fourth quarter worth approximately $77,628,000. D.A. Davidson & CO. increased its stake in New York Community Bancorp by 27.0% during the 4th quarter. D.A. Davidson & CO. now owns 145,429 shares of the financial services provider’s stock worth $1,488,000 after acquiring an additional 30,877 shares during the period. Trexquant Investment LP bought a new position in New York Community Bancorp during the 4th quarter worth $1,495,000. Finally, Orion Portfolio Solutions LLC raised its holdings in New York Community Bancorp by 9.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 227,141 shares of the financial services provider’s stock valued at $2,405,000 after acquiring an additional 18,682 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.