New York Community Bancorp, Inc. (NYSE:NYCB) had its price objective cut by Barclays PLC from $14.00 to $12.00 in a report released on Wednesday morning. They currently have an equal weight rating on the financial services provider’s stock.

NYCB has been the subject of several other reports. BidaskClub upgraded New York Community Bancorp from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded New York Community Bancorp from a sell rating to a hold rating in a research note on Tuesday, August 1st. Morgan Stanley restated an equal weight rating and set a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. Finally, Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the stock a sell rating in a research note on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has an average rating of Hold and an average price target of $12.45.

Shares of New York Community Bancorp (NYSE NYCB) traded down 0.2041% during mid-day trading on Wednesday, hitting $12.8138. 1,144,558 shares of the stock traded hands. The stock has a 50-day moving average of $12.41 and a 200 day moving average of $12.95. The stock has a market cap of $6.27 billion, a PE ratio of 13.9432 and a beta of 0.58. New York Community Bancorp has a one year low of $11.67 and a one year high of $17.68.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to analysts’ expectations of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same period in the prior year, the business posted $0.26 EPS. Equities analysts predict that New York Community Bancorp will post $0.78 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the business. Perpetual Ltd bought a new stake in New York Community Bancorp in the second quarter valued at $965,000. M Holdings Securities Inc. bought a new stake in New York Community Bancorp in the second quarter valued at $276,000. Sterneck Capital Management LLC lifted its stake in New York Community Bancorp by 17.9% in the second quarter. Sterneck Capital Management LLC now owns 176,200 shares of the financial services provider’s stock valued at $2,314,000 after buying an additional 26,730 shares during the last quarter. Verition Fund Management LLC bought a new stake in New York Community Bancorp in the second quarter valued at $203,000. Finally, Highlander Capital Management LLC lifted its stake in New York Community Bancorp by 151.4% in the second quarter. Highlander Capital Management LLC now owns 169,773 shares of the financial services provider’s stock valued at $2,277,000 after buying an additional 102,251 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

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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