New York Community Bancorp Inc. (NYSE:NYCB)‘s stock had its “market perform” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on NYCB. Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. dropped their target price on shares of New York Community Bancorp from $15.00 to $14.50 and set an “underweight” rating for the company in a research report on Thursday, July 7th. Barclays PLC dropped their target price on shares of New York Community Bancorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Bank of America Corp. set a $17.00 target price on shares of New York Community Bancorp and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Wedbush started coverage on shares of New York Community Bancorp in a research report on Thursday, October 6th. They set a “neutral” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.58.

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

Shares of New York Community Bancorp (NYSE:NYCB) traded up 0.14% during mid-day trading on Wednesday, hitting $14.08. 1,080,444 shares of the stock were exchanged. The firm’s market cap is $6.86 billion. New York Community Bancorp has a 1-year low of $13.92 and a 1-year high of $19.18. The company’s 50-day moving average is $14.61 and its 200-day moving average is $14.90.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $0.26 earnings per share (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 quarter last year, the firm posted $0.28 EPS. Equities research analysts anticipate that New York Community Bancorp will post $1.08 earnings per share for the current fiscal year.

In related news, Director Dominick Ciampa acquired 9,350 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average cost of $15.43 per share, for a total transaction of $144,270.50. Following the completion of the acquisition, the director now directly owns 142,446 shares in the company, valued at $2,197,941.78. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.97% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in NYCB. Capital International Investors acquired a new stake in shares of New York Community Bancorp during the second quarter worth about $210,797,000. Renaissance Technologies LLC boosted its stake in New York Community Bancorp by 119.9% in the first quarter. Renaissance Technologies LLC now owns 9,400,025 shares of the financial services provider’s stock valued at $149,460,000 after buying an additional 5,125,500 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in New York Community Bancorp by 22.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 18,382,896 shares of the financial services provider’s stock valued at $275,560,000 after buying an additional 3,363,254 shares in the last quarter. Capital Guardian Trust Co. purchased a new stake in New York Community Bancorp during the second quarter valued at $29,604,000. Finally, Vanguard Group Inc. boosted its stake in New York Community Bancorp by 4.5% in the second quarter. Vanguard Group Inc. now owns 35,464,907 shares of the financial services provider’s stock valued at $531,619,000 after buying an additional 1,539,859 shares in the last quarter. 60.93% of the stock is owned by institutional investors.

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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