New York Community Bancorp (NYSE:NYCB) Stock Rating Upgraded by StockNews.com

New York Community Bancorp (NYSE:NYCB - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a report released on Monday.

NYCB has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lowered New York Community Bancorp from a "buy" rating to a "hold" rating and reduced their target price for the stock from $15.00 to $7.00 in a report on Friday, February 2nd. Compass Point downgraded shares of New York Community Bancorp from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $16.00 to $8.00 in a report on Thursday, February 1st. Royal Bank of Canada lowered their price target on New York Community Bancorp from $5.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 9th. Morgan Stanley decreased their target price on New York Community Bancorp from $6.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. downgraded New York Community Bancorp from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $11.50 to $5.50 in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.43.

New York Community Bancorp Stock Up 2.6 %

NYSE:NYCB traded up $0.08 during mid-day trading on Monday, reaching $2.92. The stock had a trading volume of 21,417,147 shares, compared to its average volume of 36,876,492. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. The stock has a market cap of $2.33 billion, a P/E ratio of 0.88, a PEG ratio of 31.60 and a beta of 0.92. The business's 50 day moving average is $3.80 and its 200 day moving average is $7.74. New York Community Bancorp has a fifty-two week low of $1.70 and a fifty-two week high of $14.22.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.56). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. During the same quarter in the prior year, the business posted $0.25 EPS. As a group, sell-side analysts predict that New York Community Bancorp will post 0.01 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas R. Cangemi acquired 11,310 shares of the company's stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the acquisition, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other New York Community Bancorp news, CEO Thomas R. Cangemi bought 11,310 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the purchase, the chief executive officer now owns 69,704 shares in the company, valued at approximately $307,394.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Schoels purchased 100,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the transaction, the director now owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 213,410 shares of company stock worth $875,626. Corporate insiders own 1.62% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Thompson Investment Management Inc. increased its stake in shares of New York Community Bancorp by 239.9% in the 1st quarter. Thompson Investment Management Inc. now owns 161,851 shares of the financial services provider's stock valued at $521,000 after buying an additional 114,230 shares during the period. Traynor Capital Management Inc. bought a new stake in New York Community Bancorp during the 1st quarter worth about $40,000. Lloyd Advisory Services LLC. lifted its position in New York Community Bancorp by 602.4% during the 1st quarter. Lloyd Advisory Services LLC. now owns 77,910 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 66,818 shares during the period. International Assets Investment Management LLC boosted its stake in shares of New York Community Bancorp by 71.0% in the 1st quarter. International Assets Investment Management LLC now owns 80,918 shares of the financial services provider's stock valued at $260,000 after purchasing an additional 33,594 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new stake in shares of New York Community Bancorp during the first quarter worth approximately $99,000. Institutional investors own 67.88% of the company's stock.

About New York Community Bancorp

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.

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