Several brokerages have updated their recommendations and price targets on shares of New York Community Bancorp (NYSE: NYCB) in the last few weeks:
- 7/29/2024 – New York Community Bancorp had its price target raised by analysts at Barclays PLC from $12.00 to $30.00. They now have an “equal weight” rating on the stock.
- 7/26/2024 – New York Community Bancorp had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $31.50 price target on the stock.
- 7/19/2024 – New York Community Bancorp was upgraded by analysts at StockNews.com to a “sell” rating.
- 7/15/2024 – New York Community Bancorp had its price target raised by analysts at Keefe, Bruyette & Woods from $11.25 to $33.75. They now have a “market perform” rating on the stock.
- 7/3/2024 – New York Community Bancorp had its price target raised by analysts at Citigroup Inc. from $10.50 to $12.00. They now have a “neutral” rating on the stock.
- 6/24/2024 – New York Community Bancorp had its price target lowered by analysts at Barclays PLC from $15.00 to $12.00. They now have an “equal weight” rating on the stock.
New York Community Bancorp Stock Performance
Shares of NYCB traded up $0.13 on Wednesday, reaching $10.73. 1,371,471 shares of the company’s stock traded hands, compared to its average volume of 9,175,366. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The stock has a market cap of $2.94 billion, a PE ratio of 357.67 and a beta of 0.99. The stock’s 50 day simple moving average is $15.26 and its two-hundred day simple moving average is $14.28. New York Community Bancorp, Inc. has a 52-week low of $5.10 and a 52-week high of $42.09.
New York Community Bancorp (NYSE:NYCB – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The business had revenue of $671.00 million for the quarter, compared to analysts’ expectations of $722.47 million. During the same period in the previous year, the business posted $4.23 earnings per share. The business’s revenue was down 44.2% compared to the same quarter last year. On average, analysts forecast that New York Community Bancorp, Inc. will post -1.49 earnings per share for the current fiscal year.
Institutional Trading of 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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