New York Community Bancorp, Inc. (NYSE:NYCB) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.00.

Several equities analysts recently issued reports on the company. B. Riley set a $13.00 price target on New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. Sandler O’Neill cut New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada assumed coverage on New York Community Bancorp in a research report on Friday, July 12th. They issued an “outperform” rating and a $12.00 price target on the stock. Bank of America set a $13.00 price target on New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised New York Community Bancorp from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $9.50 to $11.50 in a report on Thursday, August 1st.

NYCB stock traded up $0.16 during trading on Thursday, hitting $13.31. The company had a trading volume of 117,083 shares, compared to its average volume of 5,331,043. The firm has a market cap of $6.15 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. New York Community Bancorp has a 1-year low of $8.61 and a 1-year high of $13.17. The firm has a 50-day moving average price of $11.51 and a 200-day moving average price of $11.13. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.17.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $255.49 million. New York Community Bancorp had a return on equity of 6.52% and a net margin of 21.73%. During the same quarter in the previous year, the firm posted $0.20 EPS. Sell-side analysts anticipate that New York Community Bancorp will post 0.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Friday, August 9th. New York Community Bancorp’s dividend payout ratio is presently 86.08%.

Large investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of New York Community Bancorp by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 86,400 shares of the financial services provider’s stock worth $862,000 after buying an additional 920 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of New York Community Bancorp by 57.8% during the second quarter. Captrust Financial Advisors now owns 2,730 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,000 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of New York Community Bancorp by 18.1% during the second quarter. Advisory Services Network LLC now owns 6,933 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,063 shares during the last quarter. 6 Meridian lifted its position in shares of New York Community Bancorp by 2.3% during the second quarter. 6 Meridian now owns 47,062 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 1,071 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its stake in New York Community Bancorp by 1.2% during the second quarter. John G Ullman & Associates Inc. now owns 102,100 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 1,225 shares during the period. 64.03% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp Company Profile

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

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

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