StockNews.com Begins Coverage on New York Community Bancorp (NYSE:NYCB)

Investment analysts at StockNews.com initiated coverage on shares of New York Community Bancorp (NYSE:NYCB) in a report issued on Friday. The firm set a “sell” rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the stock. Wedbush reissued 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. JPMorgan Chase & Co. upped their price objective on shares of 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. Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Finally, Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.48.

New York Community Bancorp Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 2.52. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.47. The stock has a market cap of $4.38 billion, a PE ratio of -2.42 and a beta of 1.00. The business has a 50 day moving average of $11.06 and a 200 day moving average of $12.24.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $621.72 million. During the same period in the prior year, the firm earned $1.08 EPS. On average, research analysts expect that New York Community Bancorp will post -3 EPS for the current fiscal year.

Institutional Investors Weigh In On New York Community Bancorp

Several institutional investors have recently added to or reduced their stakes in NYCB. Curi RMB Capital LLC purchased a new stake in shares of New York Community Bancorp in the 3rd quarter worth about $2,244,000. Versor Investments LP purchased a new stake in shares of New York Community Bancorp in the 3rd quarter worth about $636,000. Allworth Financial LP purchased a new stake in shares of New York Community Bancorp in the 3rd quarter worth about $29,000. Alaska Permanent Fund Corp purchased a new stake in shares of New York Community Bancorp in the 3rd quarter worth about $1,018,000. Finally, International Assets Investment Management LLC lifted its position in shares of New York Community Bancorp by 400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 359,424 shares of the financial services provider’s stock worth $4,036,000 after purchasing an additional 287,557 shares during the period. Hedge funds and other 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.