New York Community Bancorp (NYSE:NYCB) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of New York Community Bancorp (NYSE:NYCB) in a research report sent to investors on Friday morning. The firm issued a sell rating on the financial services provider’s stock.

NYCB has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and issued a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 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, Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $14.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and a consensus target price of $17.48.

New York Community Bancorp Stock Down 8.3 %

NYSE NYCB opened at $10.55 on Friday. The business has a fifty day moving average price of $11.06 and a two-hundred day moving average price of $12.25. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.11. New York Community Bancorp has a fifty-two week low of $5.10 and a fifty-two week high of $34.47. The stock has a market capitalization of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00.

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

New York Community Bancorp Announces Dividend

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

Hedge Funds Weigh In On New York Community Bancorp

Several large investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC lifted its position in shares of 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 buying an additional 1,803 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of New York Community Bancorp during the 2nd quarter worth approximately $28,000. Carmichael Hill & Associates Inc. lifted its position in shares of New York Community Bancorp by 201.0% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider’s stock worth $29,000 after buying an additional 6,029 shares in the last quarter. Allworth Financial LP bought a new position in shares of New York Community Bancorp during the 3rd quarter worth approximately $29,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of New York Community Bancorp by 4,665.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,530 shares of the financial services provider’s stock worth $31,000 after buying an additional 9,330 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

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.