New York Community Bancorp, Inc. (NYSE:NYCB) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.61.

Several equities analysts recently commented on NYCB shares. Morgan Stanley boosted their target price on New York Community Bancorp from $13.50 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. BidaskClub lowered New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. ValuEngine lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Piper Jaffray Companies set a $11.00 target price on New York Community Bancorp and gave the company a “sell” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYCB. BlackRock Inc. raised its position in shares of New York Community Bancorp by 6,643.8% in the first quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock valued at $715,351,000 after buying an additional 50,446,961 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in New York Community Bancorp by 176.3% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock valued at $137,865,000 after buying an additional 6,700,000 shares in the last quarter. Vanguard Group Inc. increased its stake in New York Community Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock valued at $556,850,000 after buying an additional 1,759,241 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in New York Community Bancorp by 40.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,311,010 shares of the financial services provider’s stock valued at $69,738,000 after buying an additional 1,517,864 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in New York Community Bancorp by 3,824.7% in the first quarter. American Century Companies Inc. now owns 1,308,768 shares of the financial services provider’s stock valued at $18,283,000 after buying an additional 1,275,421 shares in the last quarter. Institutional investors own 58.88% of the company’s stock.

Shares of New York Community Bancorp (NYSE:NYCB) traded up 1.34% during midday trading on Tuesday, hitting $12.12. 2,905,546 shares of the stock traded hands. The company has a market capitalization of $5.93 billion, a PE ratio of 13.19 and a beta of 0.58. New York Community Bancorp has a 12-month low of $11.83 and a 12-month high of $17.68. The firm’s 50 day moving average price is $12.70 and its 200 day moving average price is $13.50.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million for the quarter, compared to analyst estimates of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same period in the previous year, the company posted $0.26 earnings per share. Analysts expect that New York Community Bancorp will post $0.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.61%. New York Community Bancorp’s payout ratio is 73.91%.

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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.

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

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