Shares of New York Community Bancorp Inc. (NYSE:NYCB) have received an average rating of “Hold” from the fourteen analysts that are currently covering the company. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.67.

NYCB has been the subject of several research reports. Zacks Investment Research raised 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. lowered their price objective 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 lowered their price target 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. Keefe, Bruyette & Woods lowered their price target on shares of New York Community Bancorp from $15.50 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, July 28th. Finally, Bank of America Corp. set a $17.00 price target on shares of New York Community Bancorp and gave the stock a “buy” rating in a research report on Monday, September 12th.

In related news, Director Dominick Ciampa purchased 9,350 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were acquired at an average price of $15.43 per share, for a total transaction of $144,270.50. Following the purchase, the director now owns 142,446 shares of the company’s stock, valued at approximately $2,197,941.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised 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 worth $114,000 after buying an additional 548 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of New York Community Bancorp by 2,107.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,830 shares of the financial services provider’s stock worth $132,000 after buying an additional 8,430 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of New York Community Bancorp by 10.5% in the second quarter. Pacer Advisors Inc. now owns 9,213 shares of the financial services provider’s stock worth $138,000 after buying an additional 874 shares during the last quarter. Seven Eight Capital LLC bought a new position in shares of New York Community Bancorp during the first quarter worth about $151,000. Finally, Park National Corp OH raised its position in shares of New York Community Bancorp by 9.0% in the second quarter. Park National Corp OH now owns 11,766 shares of the financial services provider’s stock worth $176,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Shares of New York Community Bancorp (NYSE:NYCB) opened at 14.05 on Monday. New York Community Bancorp has a 52-week low of $13.92 and a 52-week high of $19.18. The stock’s 50 day moving average price is $14.60 and its 200-day moving average price is $14.89. The company’s market capitalization is $6.84 billion.

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

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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