New York Community Bancorp (NYCB) Shares Gap Up to $13.13
New York Community Bancorp, Inc. (NYSE:NYCB) gapped up before the market opened on Thursday . The stock had previously closed at $12.85, but opened at $13.13. New York Community Bancorp shares last traded at $13.74, with a volume of 2250000 shares trading hands.
NYCB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. BidaskClub cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Barclays decreased their target price 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. Piper Jaffray Companies reissued a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada initiated coverage on shares of New York Community Bancorp in a research report on Thursday, December 21st. They set a “sector perform” rating and a $13.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.11.
The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $6,739.17, a P/E ratio of 15.84, a PEG ratio of 1.67 and a beta of 0.59.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. The business had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. During the same quarter in the prior year, the business posted $0.26 EPS. sell-side analysts expect that New York Community Bancorp, Inc. will post 0.67 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC acquired a new position in New York Community Bancorp during the 3rd quarter valued at approximately $103,000. Pacer Advisors Inc. increased its stake in New York Community Bancorp by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 779 shares in the last quarter. Brown Advisory Inc. acquired a new position in New York Community Bancorp during the 3rd quarter valued at approximately $146,000. Sapphire Star Partners LP acquired a new position in New York Community Bancorp during the 3rd quarter valued at approximately $155,000. Finally, MML Investors Services LLC increased its stake in New York Community Bancorp by 24.8% during the 2nd quarter. MML Investors Services LLC now owns 12,809 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 58.44% of the company’s stock.
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About New York Community Bancorp
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.
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