New York Community Bancorp (NYCB) Reaches New 52-Week Low at $10.38

New York Community Bancorp, Inc. (NYSE:NYCB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $10.38 and last traded at $10.39, with a volume of 239225 shares trading hands. The stock had previously closed at $10.56.

Several equities analysts recently commented on the stock. ValuEngine upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Credit Suisse Group restated a “neutral” rating and issued a $12.00 price target on shares of New York Community Bancorp in a research note on Tuesday, August 28th. Royal Bank of Canada restated a “hold” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Thursday, July 26th. Sandler O’Neill set a $14.00 price target on shares of New York Community Bancorp and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, B. Riley decreased their price target on shares of New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 19th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. New York Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $12.59.

The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $5.16 billion, a PE ratio of 12.84, a P/E/G ratio of 1.30 and a beta of 0.66.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. New York Community Bancorp had a return on equity of 6.67% and a net margin of 25.81%. The company had revenue of $286.66 million during the quarter, compared to the consensus estimate of $287.86 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. equities research analysts predict that New York Community Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NYCB. Cornerstone Wealth Management LLC acquired a new stake in shares of New York Community Bancorp during the 2nd quarter worth approximately $650,000. Truvestments Capital LLC acquired a new stake in shares of New York Community Bancorp during the 2nd quarter worth approximately $114,000. IBM Retirement Fund acquired a new stake in shares of New York Community Bancorp during the 1st quarter worth approximately $137,000. Cullen Frost Bankers Inc. acquired a new stake in shares of New York Community Bancorp during the 1st quarter worth approximately $146,000. Finally, Archford Capital Strategies LLC acquired a new stake in shares of New York Community Bancorp during the 1st quarter worth approximately $165,000. 64.54% of the stock is owned by institutional investors and hedge funds.

About New York Community Bancorp (NYSE:NYCB)

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

Featured Article: Understanding Stock Ratings

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply