New York Community Bancorp, Inc. (NYSE:NYCB) Receives Average Rating of "Hold" from Analysts

Saturday, April 10, 2021 | MarketBeat

New York Community Bancorp, Inc. (NYSE:NYCB) has been given a consensus recommendation of "Hold" by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.12.

A number of analysts have recently weighed in on NYCB shares. Compass Point raised shares of New York Community Bancorp from a "neutral" rating to a "buy" rating and set a $13.00 price target for the company in a research note on Friday, January 15th. Morgan Stanley increased their target price on shares of New York Community Bancorp from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 24th. TheStreet raised shares of New York Community Bancorp from a "c+" rating to a "b" rating in a research note on Tuesday, December 15th. UBS Group lowered shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and cut their target price for the company from $13.00 to $11.00 in a research note on Friday, February 5th. Finally, B. Riley increased their target price on shares of New York Community Bancorp from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Monday, March 29th.

New York Community Bancorp stock traded up $0.05 during midday trading on Friday, reaching $12.53. 18,630 shares of the stock traded hands, compared to its average volume of 4,234,121. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.52. The firm has a fifty day moving average price of $12.28 and a two-hundred day moving average price of $10.31. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.03 and a beta of 1.07. New York Community Bancorp has a fifty-two week low of $7.72 and a fifty-two week high of $13.23.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Tuesday, January 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.13. The firm had revenue of $322.95 million during the quarter, compared to analyst estimates of $313.05 million. New York Community Bancorp had a net margin of 23.07% and a return on equity of 6.69%. During the same period in the previous year, the business posted $0.20 EPS. Analysts anticipate that New York Community Bancorp will post 0.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Saturday, February 6th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, February 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.43%. New York Community Bancorp's dividend payout ratio is currently 88.31%.

In other news, Director Ronald A. Rosenfeld purchased 5,000 shares of the business's stock in a transaction dated Tuesday, February 9th. The shares were acquired at an average price of $10.63 per share, for a total transaction of $53,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in NYCB. Dimensional Fund Advisors LP increased its stake in New York Community Bancorp by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,246,393 shares of the financial services provider's stock valued at $139,748,000 after buying an additional 266,956 shares during the period. Bank of New York Mellon Corp increased its stake in New York Community Bancorp by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 7,194,367 shares of the financial services provider's stock valued at $75,902,000 after buying an additional 497,324 shares during the period. Norges Bank acquired a new position in New York Community Bancorp in the 4th quarter valued at approximately $56,061,000. Charles Schwab Investment Management Inc. increased its stake in New York Community Bancorp by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,685,087 shares of the financial services provider's stock valued at $28,328,000 after buying an additional 357,511 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in New York Community Bancorp by 3.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,342,607 shares of the financial services provider's stock valued at $24,715,000 after buying an additional 70,010 shares during the period. Institutional investors and hedge funds own 50.77% of the company's stock.

New York Community Bancorp Company Profile

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.

Recommended Story: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for New York Community Bancorp (NYSE:NYCB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Monthly Dividend Stocks



7 Infrastructure Stocks That May Help Rebuild America

Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.

With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.

Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.

Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.

However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.

View the "7 Infrastructure Stocks That May Help Rebuild America".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.