New York Community Bancorp Inc. (NYSE:NYCB) had its target price reduced by investment analysts at Deutsche Bank AG from $15.50 to $15.00 in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 6.61% from the stock’s current price.

NYCB has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their price objective on New York Community Bancorp from $15.00 to $14.50 and set an “underweight” rating for the company in a report on Thursday, July 7th. Barclays PLC dropped their price objective on New York Community Bancorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Zacks Investment Research downgraded New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Keefe, Bruyette & Woods lowered their price target on New York Community Bancorp from $15.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Finally, Wedbush assumed coverage on New York Community Bancorp in a report on Thursday, October 6th. They issued a “neutral” rating and a $15.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.58.

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

New York Community Bancorp (NYSE:NYCB) traded down 0.43% during trading on Tuesday, hitting $14.01. The stock had a trading volume of 1,525,132 shares. The stock’s 50 day moving average price is $14.62 and its 200 day moving average price is $14.91. New York Community Bancorp has a 12-month low of $13.92 and a 12-month high of $19.18. The firm’s market cap is $6.82 billion.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.02. New York Community Bancorp had a positive return on equity of 8.74% and a negative net margin of 1.82%. During the same period last year, the company earned $0.28 EPS. On average, analysts anticipate that New York Community Bancorp will post $1.08 EPS for the current fiscal year.

In other news, Director Dominick Ciampa acquired 9,350 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was bought at an average cost of $15.43 per share, with a total value of $144,270.50. Following the transaction, the director now directly owns 142,446 shares in the company, valued at approximately $2,197,941.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.97% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Eaton Vance Management boosted its position in shares of New York Community Bancorp by 1.2% in the second quarter. Eaton Vance Management now owns 17,517 shares of the financial services provider’s stock valued at $263,000 after buying an additional 212 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of New York Community Bancorp by 0.5% in the second quarter. Capstone Asset Management Co. now owns 40,460 shares of the financial services provider’s stock valued at $606,000 after buying an additional 220 shares during the last quarter. Calvert Investment Management Inc. boosted its position in shares of New York Community Bancorp by 0.6% in the second quarter. Calvert Investment Management Inc. now owns 37,760 shares of the financial services provider’s stock valued at $566,000 after buying an additional 234 shares during the last quarter. National Asset Management Inc. boosted its position in shares of New York Community Bancorp by 1.8% in the second quarter. National Asset Management Inc. now owns 27,468 shares of the financial services provider’s stock valued at $413,000 after buying an additional 480 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of New York Community Bancorp by 7.7% in the second quarter. Advisory Services Network LLC now owns 7,621 shares of the financial services provider’s stock valued at $114,000 after buying an additional 548 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.

About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services.

5 Day Chart for NYSE:NYCB

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