New York Community Bancorp (NYSE:NYCB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research report sent to investors on Friday morning. The brokerage issued a sell rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $14.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.48.

New York Community Bancorp Price Performance

Shares of NYSE:NYCB opened at $10.55 on Friday. The business has a fifty day moving average price of $11.06 and a 200-day moving average price of $12.24. New York Community Bancorp has a 1-year low of $5.10 and a 1-year high of $34.47. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.11. The company has a market capitalization of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.29). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $621.72 million. New York Community Bancorp had a negative net margin of 18.40% and a negative return on equity of 11.35%. During the same quarter last year, the company earned $1.08 EPS. As a group, equities analysts expect that New York Community Bancorp will post -3 EPS for the current fiscal year.

New York Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Saturday, December 7th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. New York Community Bancorp’s dividend payout ratio is currently -0.92%.

Hedge Funds Weigh In On New York Community Bancorp

Large investors have recently made changes to their positions in the business. AlphaMark Advisors LLC increased 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 acquiring an additional 1,803 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of New York Community Bancorp in the second quarter valued at approximately $28,000. Carmichael Hill & Associates Inc. raised its holdings in shares of New York Community Bancorp by 201.0% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 6,029 shares during the period. Allworth Financial LP acquired a new position in New York Community Bancorp in the 3rd quarter valued at about $29,000. Finally, Nisa Investment Advisors LLC raised its position in New York Community Bancorp by 4,665.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 9,330 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

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.