Keefe, Bruyette & Woods reaffirmed their hold rating on shares of New York Community Bancorp (NYSE:NYCB) in a research report sent to investors on Friday morning. They currently have a $14.00 target price on the financial services provider’s stock.

NYCB has been the topic of several other research reports. Zacks Investment Research upgraded shares of New York Community Bancorp from a strong sell rating to a hold rating in a research report on Wednesday, August 30th. BidaskClub upgraded shares of New York Community Bancorp from a strong sell rating to a sell rating in a research report on Wednesday, September 13th. Piper Jaffray Companies restated a sell rating and issued a $11.00 price target on shares of New York Community Bancorp in a research report on Tuesday, September 19th. Barclays reduced their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an equal weight rating on the stock in a research report on Wednesday, October 11th. Finally, FBR & Co restated a sell rating on shares of New York Community Bancorp in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. New York Community Bancorp has a consensus rating of Hold and a consensus target price of $12.63.

New York Community Bancorp (NYSE:NYCB) opened at $13.28 on Friday. New York Community Bancorp has a 1-year low of $11.67 and a 1-year high of $16.25. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $6,460.00, a price-to-earnings ratio of 15.26 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, topping the 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 firm had revenue of $385.27 million for the quarter, compared to the consensus estimate of $313.64 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. research analysts expect that New York Community Bancorp will post 0.68 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new stake in shares of New York Community Bancorp during the third quarter valued at $103,000. Pacer Advisors Inc. boosted its stake in shares of New York Community Bancorp by 8.3% during the second 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 during the period. BB&T Securities LLC purchased a new stake in shares of New York Community Bancorp during the second quarter valued at $135,000. Brown Advisory Inc. purchased a new stake in shares of New York Community Bancorp during the third quarter valued at $146,000. Finally, Sapphire Star Partners LP purchased a new stake in shares of New York Community Bancorp during the third quarter valued at $155,000. Institutional investors and hedge funds own 58.44% of the company’s stock.

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New York Community Bancorp Company Profile

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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