Brokerages Set New York Community Bancorp, Inc. (NYSE:NYCB) PT at $17.48

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.48.

Several research firms have recently commented on NYCB. JPMorgan Chase & Co. lifted their price target on New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and set a $31.50 price target on shares of New York Community Bancorp in a report on Friday, July 26th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $14.00 in a report on Thursday, September 26th. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, StockNews.com began coverage on New York Community Bancorp in a research report on Thursday. They set a “sell” rating for the company.

New York Community Bancorp Price Performance

NYCB stock opened at $10.55 on Monday. New York Community Bancorp has a 1 year low of $5.10 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a market capitalization of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00. The business has a 50 day simple moving average of $11.07 and a 200-day simple moving average of $12.22.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.29). New York Community Bancorp had a negative net margin of 18.40% and a negative return on equity of 11.35%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $621.72 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. Equities research analysts anticipate that New York Community Bancorp will post -3 earnings per share for the current fiscal year.

New York Community Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Saturday, December 7th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. New York Community Bancorp’s dividend payout ratio (DPR) is -0.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in New York Community Bancorp in the 3rd quarter valued at about $29,000. Hantz Financial Services Inc. purchased a new position in New York Community Bancorp in the second quarter worth approximately $28,000. AlphaMark Advisors LLC grew its holdings in New York Community Bancorp by 26.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,803 shares in the last quarter. Carmichael Hill & Associates Inc. increased its position in shares of New York Community Bancorp by 201.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 6,029 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of New York Community Bancorp by 4,665.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 9,330 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.