B. Riley upgraded shares of New York Community Bancorp (NYSE:NYCB) from a sell rating to a neutral rating in a research report released on Monday, MarketBeat reports. B. Riley currently has $13.00 price objective on the financial services provider’s stock, up from their previous price objective of $12.00. B. Riley also issued estimates for New York Community Bancorp’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, FY2018 earnings at $0.84 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.87 EPS.

A number of other analysts also recently issued reports on NYCB. ValuEngine downgraded shares of New York Community Bancorp from a buy rating to a hold rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of New York Community Bancorp from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of New York Community Bancorp from $14.00 to $14.75 and gave the stock an equal weight rating in a report on Thursday, February 1st. TheStreet downgraded shares of New York Community Bancorp from a b- rating to a c+ rating in a report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $14.00 target price on shares of New York Community Bancorp in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. New York Community Bancorp presently has a consensus rating of Hold and an average price target of $13.22.

Shares of New York Community Bancorp (NYSE NYCB) opened at $13.85 on Monday. New York Community Bancorp has a 1-year low of $11.67 and a 1-year high of $15.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. The stock has a market cap of $6,770.00, a PE ratio of 15.39, a P/E/G ratio of 1.58 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%. The business had revenue of $296.32 million during the quarter, compared to the consensus estimate of $300.29 million. analysts forecast that New York Community Bancorp will post 0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.91%. New York Community Bancorp’s payout ratio is 75.56%.

Several institutional investors and hedge funds have recently bought and sold shares of NYCB. Janus Henderson Group PLC increased its stake in shares of New York Community Bancorp by 141.2% in the second quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock worth $2,208,000 after purchasing an additional 98,442 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares in the last quarter. State Street Corp increased its stake in shares of New York Community Bancorp by 1.8% in the second quarter. State Street Corp now owns 21,898,657 shares of the financial services provider’s stock worth $287,534,000 after purchasing an additional 376,921 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of New York Community Bancorp by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 724,416 shares of the financial services provider’s stock worth $9,511,000 after purchasing an additional 13,201 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of New York Community Bancorp in the second quarter worth about $203,000. Hedge funds and other institutional investors own 59.13% of the company’s stock.

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New York Community Bancorp Company Profile

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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