New York Community Bancorp - NYCB Stock Forecast, Price & News

New York Community Bancorp, Inc. operates as the 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 accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit. Its loan products include multi-family loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans. The company also offers annuities, life and long-term care insurance products, and mutual funds; cash management products; and online, mobile, and phone banking services. It primarily serves individuals, small and mid-size businesses, and professional associations through a network of 237 branches and 333 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is based in Hicksville, New York.

Analysts Set New Price Targets

A number of brokerages have commented on NYCB. B. Riley decreased their price objective on shares of New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. Stephens lowered shares of New York Community Bancorp from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $12.00 to $9.00 in a report on Tuesday, May 3rd. TheStreet downgraded New York Community Bancorp from a "b" rating to a "c+" rating in a report on Thursday, May 5th. Finally, Keefe, Bruyette & Woods cut New York Community Bancorp from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a research note on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.00.

New York Community Bancorp Stock Up 1.1 %

NYSE:NYCB opened at $10.77 on Friday. The stock's fifty day simple moving average is $9.53 and its 200-day simple moving average is $10.21. The firm has a market capitalization of $5.02 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.81 and a beta of 1.00. The company has a quick ratio of 1.30, a current ratio of 1.25 and a debt-to-equity ratio of 2.26. New York Community Bancorp has a 12-month low of $8.50 and a 12-month high of $14.33.

New York Community Bancorp (NYSE:NYCB - Get Rating) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $377.00 million during the quarter, compared to analyst estimates of $353.96 million. New York Community Bancorp had a return on equity of 10.00% and a net margin of 34.72%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Equities research analysts expect that New York Community Bancorp will post 1.31 earnings per share for the current year.

New York Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Monday, August 8th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 5th. This represents a $0.68 annualized dividend and a yield of 6.31%. New York Community Bancorp's dividend payout ratio (DPR) is presently 54.40%.

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, Director Ronald A. Rosenfeld acquired 35,000 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average price of $13.72 per share, with a total value of $480,200.00. Following the purchase, the director now owns 30,000 shares of the company's stock, valued at approximately $411,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.58% of the company's stock.