B. Riley upgraded shares of New York Community Bancorp (NYSE:NYCB) from a neutral rating to a buy rating in a report released on Thursday, BenzingaRatingsTable reports. They currently have $12.00 price target on the financial services provider’s stock.
Several other analysts have also commented on the company. TheStreet raised SUMMIT THERAPEU/S from a d rating to a c- rating in a report on Thursday, June 13th. Jefferies Financial Group lifted their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the stock a hold rating in a report on Monday, April 8th. Finally, Zacks Investment Research lowered GasLog Partners LP Unit from a hold rating to a strong sell rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $12.28.
Shares of NYCB opened at $10.52 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.16. New York Community Bancorp has a one year low of $8.61 and a one year high of $12.72. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.37 and a beta of 0.98. The business has a fifty day moving average price of $9.99.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The company had revenue of $266.11 million during the quarter, compared to analyst estimates of $268.24 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. New York Community Bancorp’s revenue was down 9.2% compared to the same quarter last year. On average, research analysts anticipate that New York Community Bancorp will post 0.77 earnings per share for the current fiscal year.
In related news, Director Hanif Dahya bought 1,640 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $26.31 per share, for a total transaction of $43,148.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYCB. Joseph P. Lucia & Associates LLC bought a new stake in shares of New York Community Bancorp in the first quarter worth about $125,000. Advisory Services Network LLC increased its holdings in shares of New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 999 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of New York Community Bancorp by 42.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,000 shares during the last quarter. Colrain Capital LLC bought a new stake in shares of New York Community Bancorp in the first quarter worth about $93,000. Finally, Banco Santander S.A. bought a new stake in shares of New York Community Bancorp in the first quarter worth about $129,000. Institutional investors own 63.04% of the company’s stock.
About New York Community Bancorp
New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
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