Analysts at Royal Bank of Canada began coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research note issued to investors on Thursday, December 21st. The brokerage set a “sector perform” rating and a $13.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential downside of 4.69% from the company’s current price.
Other equities analysts have also recently issued reports about the company. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 15th. ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays cut their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. BidaskClub upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.11.
Shares of New York Community Bancorp (NYSE:NYCB) opened at $13.64 on Thursday. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $16.18. The company has a market capitalization of $6,670.71, a P/E ratio of 15.68, a P/E/G ratio of 1.66 and a beta of 0.59. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98.
New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. The business had revenue of $385.27 million for the quarter, compared to analysts’ expectations of $313.64 million. During the same period in the prior year, the business posted $0.26 earnings per share. equities analysts predict that New York Community Bancorp will post 0.68 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYCB. Chicago Partners Investment Group LLC purchased a new stake in New York Community Bancorp in the 3rd quarter valued at $103,000. Pacer Advisors Inc. increased its position in shares of New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 779 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of New York Community Bancorp during the 2nd quarter valued at $135,000. Brown Advisory Inc. purchased a new stake in shares of New York Community Bancorp during the 3rd quarter valued at $146,000. Finally, Sapphire Star Partners LP purchased a new stake in shares of New York Community Bancorp during the 3rd quarter valued at $155,000. 58.44% of the stock is owned by institutional investors and hedge funds.
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New York Community Bancorp Company Profile
New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.
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