Brokerages Set New York Community Bancorp, Inc. (NYCB) Target Price at $13.39

New York Community Bancorp, Inc. (NYSE:NYCB) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.39.

NYCB has been the topic of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price objective on shares of New York Community Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, January 12th. Bank of America raised New York Community Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. FBR & Co reaffirmed a “sell” rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research report on Tuesday, October 24th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC bought a new position in shares of New York Community Bancorp during the 3rd quarter worth $103,000. Robeco Institutional Asset Management B.V. bought a new position in shares of New York Community Bancorp during the 4th quarter worth $113,000. Brown Advisory Inc. bought a new position in shares of New York Community Bancorp during the 3rd quarter worth $146,000. Sapphire Star Partners LP bought a new position in shares of New York Community Bancorp during the 3rd quarter worth $155,000. Finally, Forward Management LLC bought a new position in shares of New York Community Bancorp during the 4th quarter worth $165,000. 59.13% of the stock is currently owned by institutional investors and hedge funds.

New York Community Bancorp (NYSE NYCB) traded up $0.15 during trading hours on Tuesday, reaching $14.17. The company had a trading volume of 4,870,000 shares, compared to its average volume of 4,980,000. New York Community Bancorp has a one year low of $11.67 and a one year high of $15.59. The stock has a market cap of $6,930.00, a price-to-earnings ratio of 15.74, a PEG ratio of 1.66 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The company had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. analysts anticipate that New York Community Bancorp will post 0.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, February 12th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 75.56%.

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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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