New York Community Bancorp (NYSE:NYCB)‘s stock had its “sell” rating reaffirmed by Zacks Investment Research in a report released on Wednesday.

According to Zacks, “Shares of New York Community Bancorp have underperformed the industry over the past six months. The company’s earnings surprise history seems decent as it has delivered in-line estimates in each of the trailing four quarters. Third-quarter results reflect lower expenses and robust loan growth, partially offset by reduced revenues. The company remains focused on making balance sheet stronger. Also, a strong capital position keeps it well poised to grow through opportunistic acquisitions. However, its top-line remains under pressure due to contracting net interest margin. Also, mounting expenses is another downside. Moreover, lack of impressive capital deployment activities is another headwind.”

Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $9.00 in a research report on Friday, October 26th. B. Riley set a $11.00 target price on New York Community Bancorp and gave the stock a “hold” rating in a research report on Monday, October 15th. ValuEngine upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Credit Suisse Group restated a “neutral” rating and issued a $12.00 target price on shares of New York Community Bancorp in a research report on Tuesday, August 28th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $11.00 target price on shares of New York Community Bancorp in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.32.

Shares of NYSE NYCB opened at $9.59 on Wednesday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $4.63 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65. New York Community Bancorp has a 12-month low of $8.88 and a 12-month high of $14.53.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $272.43 million during the quarter, compared to the consensus estimate of $285.05 million. New York Community Bancorp had a return on equity of 6.60% and a net margin of 26.41%. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, analysts predict that New York Community Bancorp will post 0.79 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of NYCB. Atria Investments LLC bought a new position in shares of New York Community Bancorp in the third quarter valued at $105,000. Truvestments Capital LLC acquired a new stake in New York Community Bancorp during the 2nd quarter valued at $114,000. Sanders Morris Harris LLC acquired a new stake in New York Community Bancorp during the 3rd quarter valued at $114,000. Lido Advisors LLC acquired a new stake in New York Community Bancorp during the 3rd quarter valued at $114,000. Finally, Courier Capital LLC acquired a new stake in New York Community Bancorp during the 3rd quarter valued at $154,000. 64.53% of the stock is currently owned by institutional investors.

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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