ValuEngine upgraded shares of New York Community Bancorp (NYSE:NYCB) from a strong sell rating to a sell rating in a report released on Tuesday morning.

NYCB has been the subject of a number of other research reports. Credit Suisse Group reissued a neutral rating and set a $12.00 price target on shares of New York Community Bancorp in a research report on Tuesday, August 28th. Royal Bank of Canada reissued a hold rating and set a $11.00 price target on shares of New York Community Bancorp in a research report on Thursday, July 26th. Zacks Investment Research raised New York Community Bancorp from a sell rating to a hold rating in a research report on Wednesday, June 6th. Sandler O’Neill set a $14.00 price target on New York Community Bancorp and gave the company a buy rating in a research report on Wednesday, July 25th. Finally, B. Riley lowered their price target on New York Community Bancorp from $13.00 to $12.00 and set a neutral rating for the company in a research report on Tuesday, June 19th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. New York Community Bancorp presently has an average rating of Hold and a consensus price target of $12.59.

Shares of NYSE:NYCB opened at $10.94 on Tuesday. The firm has a market capitalization of $5.34 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.66. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. New York Community Bancorp has a 52 week low of $10.40 and a 52 week high of $14.53.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. New York Community Bancorp had a return on equity of 6.67% and a net margin of 25.81%. The business had revenue of $286.66 million during the quarter, compared to the consensus estimate of $287.86 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. research analysts anticipate that New York Community Bancorp will post 0.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Monday, August 6th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 83.95%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of New York Community Bancorp in the second quarter worth about $114,000. Andra AP fonden boosted its position in shares of New York Community Bancorp by 33.8% in the second quarter. Andra AP fonden now owns 469,500 shares of the financial services provider’s stock worth $5,183,000 after buying an additional 118,600 shares during the period. California Public Employees Retirement System boosted its position in shares of New York Community Bancorp by 17.3% in the second quarter. California Public Employees Retirement System now owns 1,587,433 shares of the financial services provider’s stock worth $17,525,000 after buying an additional 234,681 shares during the period. Highlander Capital Management LLC boosted its position in shares of New York Community Bancorp by 8.6% in the second quarter. Highlander Capital Management LLC now owns 107,500 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 8,500 shares during the period. Finally, Millennium Management LLC boosted its position in shares of New York Community Bancorp by 161.4% in the second quarter. Millennium Management LLC now owns 80,090 shares of the financial services provider’s stock worth $884,000 after buying an additional 49,453 shares during the period. 64.54% of the stock is owned by institutional investors.

New York Community Bancorp Company Profile

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

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

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