New York Community Bancorp (NYCB) Stock Rating Lowered by TheStreet

New York Community Bancorp (NYSE:NYCB) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, September 19th. Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Barclays lifted their price objective on New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, FBR & Co reaffirmed a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus target price of $13.11.

New York Community Bancorp (NYCB) traded up $0.18 during mid-day trading on Tuesday, reaching $13.90. The company’s stock had a trading volume of 4,190,000 shares, compared to its average volume of 4,160,000. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $6,800.00, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. New York Community Bancorp has a one year low of $11.67 and a one year high of $16.18.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. During the same quarter last year, the firm earned $0.26 earnings per share. analysts predict that New York Community Bancorp will post 0.68 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Naples Global Advisors LLC purchased a new position in New York Community Bancorp in the fourth quarter valued at $435,000. State of Alaska Department of Revenue boosted its holdings in New York Community Bancorp by 56.1% in the fourth quarter. State of Alaska Department of Revenue now owns 91,533 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 32,900 shares during the period. Mondrian Investment Partners LTD purchased a new position in New York Community Bancorp in the fourth quarter valued at $47,004,000. Fox Run Management L.L.C. purchased a new position in New York Community Bancorp in the fourth quarter valued at $631,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in New York Community Bancorp by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,722,584 shares of the financial services provider’s stock valued at $22,429,000 after purchasing an additional 113,510 shares during the period. 58.44% of the stock is owned by institutional investors and hedge funds.

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About New York Community Bancorp

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.

Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

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