New York Community Bancorp (NASDAQ: NYCB) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Thursday.

New York Community Bancorp traded up 2.33% on Thursday, hitting $13.62. New York Community Bancorp has a 1-year low of $11.47 and a 1-year high of $15.05. The stock’s 50-day moving average is currently $13.4. The company has a market cap of $5.980 billion and a price-to-earnings ratio of 11.78.

New York Community Bancorp last announced its earnings results on Wednesday, January 30th. The company reported $0.30 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.30. During the same quarter in the previous year, the company posted $0.27 earnings per share. Analysts expect that New York Community Bancorp will post $1.03 EPS for the current fiscal year.

NYCB has been the subject of a number of other recent research reports. Analysts at Morgan Stanley upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, February 5th. They now have a $15.00 price target on the stock. Analysts at Evercore Partners downgraded shares of New York Community Bancorp from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, December 19th.

Four equities research analysts have rated the stock with a buy rating, eighteen have given a hold rating, one has given an underweight rating, and two have given a sell rating to the company’s stock. New York Community Bancorp presently has a consensus rating of “hold” and an average target price of $13.50.

New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.

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