Credit Suisse Group restated their neutral rating on shares of New York Community Bancorp (NYSE:NYCB) in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a $12.00 target price on the financial services provider’s stock.

Several other brokerages also recently commented on NYCB. Zacks Investment Research downgraded shares of New York Community Bancorp from a hold rating to a strong sell rating in a report on Tuesday, May 1st. ValuEngine downgraded shares of New York Community Bancorp from a hold rating to a sell rating in a report on Tuesday, May 8th. B. Riley lowered their target price on shares of New York Community Bancorp from $13.00 to $12.00 and set a neutral rating for the company in a report on Tuesday, June 19th. Royal Bank of Canada reiterated a hold rating and issued a $11.00 target price on shares of New York Community Bancorp in a report on Thursday, July 26th. Finally, Sandler O’Neill set a $14.00 target price on shares of New York Community Bancorp and gave the company a buy rating in a report on Wednesday, July 25th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $12.59.

NYCB opened at $10.84 on Tuesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.40 and a current ratio of 1.40. New York Community Bancorp has a 1-year low of $10.40 and a 1-year high of $14.53. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.35 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $286.66 million during the quarter, compared to the consensus estimate of $287.86 million. New York Community Bancorp had a net margin of 25.81% and a return on equity of 6.67%. During the same quarter in the prior year, the company posted $0.22 earnings per share. equities research analysts anticipate that New York Community Bancorp will post 0.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.68 annualized dividend and a dividend yield of 6.27%. New York Community Bancorp’s dividend payout ratio is currently 83.95%.

A number of institutional investors and hedge funds have recently bought and sold shares of NYCB. Truvestments Capital LLC bought a new position in New York Community Bancorp during the second quarter valued at about $114,000. IBM Retirement Fund bought a new position in New York Community Bancorp during the first quarter valued at about $137,000. Cullen Frost Bankers Inc. bought a new position in New York Community Bancorp during the first quarter valued at about $146,000. Greenwich Wealth Management LLC bought a new position in New York Community Bancorp during the first quarter valued at about $149,000. Finally, Archford Capital Strategies LLC bought a new position in New York Community Bancorp during the first quarter valued at about $165,000. Institutional investors own 64.54% of the company’s stock.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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

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