New York Community Bancorp (NYSE:NYCB) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report issued on Tuesday.

A number of other research firms have also weighed in on NYCB. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of New York Community Bancorp in a report on Friday, December 22nd. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada began coverage on shares of New York Community Bancorp in a report on Thursday, December 21st. They set a “sector perform” rating and a $13.00 target price for the company. Finally, Bank of America upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.11.

Shares of New York Community Bancorp (NYSE NYCB) opened at $13.72 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $16.18. The stock has a market cap of $6,695.16, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The company had revenue of $385.27 million during the quarter, compared to analyst estimates of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period in the prior year, the business posted $0.26 earnings per share. equities research analysts anticipate that New York Community Bancorp will post 0.68 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in NYCB. Riverhead Capital Management LLC raised its stake in New York Community Bancorp by 65.8% in the second quarter. Riverhead Capital Management LLC now owns 29,520 shares of the financial services provider’s stock worth $388,000 after buying an additional 11,720 shares in the last quarter. Ameriprise Financial Inc. raised its stake in New York Community Bancorp by 5.3% in the second quarter. Ameriprise Financial Inc. now owns 1,861,141 shares of the financial services provider’s stock worth $24,449,000 after buying an additional 93,806 shares in the last quarter. Nationwide Fund Advisors raised its stake in New York Community Bancorp by 3.7% in the second quarter. Nationwide Fund Advisors now owns 854,595 shares of the financial services provider’s stock worth $11,221,000 after buying an additional 30,487 shares in the last quarter. Amalgamated Bank raised its stake in New York Community Bancorp by 183.4% in the second quarter. Amalgamated Bank now owns 93,532 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 60,533 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in New York Community Bancorp by 3.6% in the second quarter. New York State Common Retirement Fund now owns 1,066,700 shares of the financial services provider’s stock worth $14,006,000 after buying an additional 36,699 shares in the last quarter. 58.44% of the stock is owned by institutional investors.

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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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