ValuEngine upgraded shares of New York Community Bancorp (NYSE:NYCB) from a hold rating to a buy rating in a report issued on Friday morning.

NYCB has been the subject of several other reports. BidaskClub cut shares of New York Community Bancorp from a sell rating to a strong sell rating in a research report on Thursday, August 10th. Piper Jaffray Companies set a $11.00 price objective on shares of New York Community Bancorp and gave the stock a sell rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of New York Community Bancorp from a strong sell rating to a hold rating in a research report on Wednesday, August 30th. Barclays reduced their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an equal weight rating for the company in a research report on Wednesday, October 11th. Finally, FBR & Co reissued a sell rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. New York Community Bancorp presently has a consensus rating of Hold and a consensus price target of $12.45.

New York Community Bancorp (NYSE NYCB) traded down $0.08 during trading hours on Friday, hitting $13.26. 5,100,400 shares of the company’s stock traded hands, compared to its average volume of 4,292,398. The firm has a market capitalization of $6,523.99, a P/E ratio of 15.33 and a beta of 0.58. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98. New York Community Bancorp has a fifty-two week low of $11.67 and a fifty-two week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. research analysts expect that New York Community Bancorp will post 0.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.13%. New York Community Bancorp’s payout ratio is 78.16%.

Several institutional investors have recently modified their holdings of the company. AXA increased its stake in shares of New York Community Bancorp by 43.7% during the third quarter. AXA now owns 430,600 shares of the financial services provider’s stock worth $5,550,000 after acquiring an additional 131,037 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of New York Community Bancorp by 33.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after acquiring an additional 7,036,258 shares during the period. Shelton Capital Management increased its stake in shares of New York Community Bancorp by 574.0% during the third quarter. Shelton Capital Management now owns 248,816 shares of the financial services provider’s stock worth $3,207,000 after acquiring an additional 211,900 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of New York Community Bancorp during the third quarter worth about $103,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in New York Community Bancorp during the third quarter worth about $224,000. Institutional investors and hedge funds own 58.49% of the company’s stock.

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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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