Shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.70.
A number of research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $31.50 target price on shares of New York Community Bancorp in a research report on Friday, July 26th. Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $10.00 to $14.00 in a report on Thursday. StockNews.com raised shares of New York Community Bancorp to a “sell” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods upped their price target on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a report on Monday, July 15th. Finally, Citigroup increased their price target on New York Community Bancorp from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd.
Get Our Latest Stock Analysis on New York Community Bancorp
Institutional Investors Weigh In On New York Community Bancorp
New York Community Bancorp Stock Performance
NYSE NYCB opened at $11.46 on Friday. The firm’s 50 day simple moving average is $13.30 and its 200 day simple moving average is $7.84. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 382.00 and a beta of 1.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. New York Community Bancorp has a 1 year low of $5.10 and a 1 year high of $34.50.
New York Community Bancorp (NYSE:NYCB – Get Free Report) last issued its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The business had revenue of $671.00 million during the quarter, compared to analyst estimates of $722.47 million. During the same period in the prior year, the business posted $4.23 EPS. The company’s revenue for the quarter was down 44.2% compared to the same quarter last year. As a group, research analysts expect that New York Community Bancorp will post -2.43 earnings per share for the current fiscal year.
New York Community Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 133.33%.
New York Community Bancorp Company Profile
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.
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