Investment Analysts’ Weekly Ratings Changes for New York Community Bancorp (NYCB)

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) 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

A number of large investors have recently bought and sold shares of NYCB. Pacer Advisors Inc. increased its position in New York Community Bancorp by 79.2% in the fourth quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 47,996 shares during the last quarter. Oak Thistle LLC purchased a new stake in New York Community Bancorp in the fourth quarter worth $1,069,000. State of Michigan Retirement System grew its position in shares of New York Community Bancorp by 7.9% in the fourth quarter. State of Michigan Retirement System now owns 173,343 shares of the financial services provider’s stock valued at $1,773,000 after purchasing an additional 12,700 shares in the last quarter. MWA Asset Management purchased a new position in shares of New York Community Bancorp in the fourth quarter valued at $108,000. Finally, International Assets Investment Management LLC grew its position in shares of New York Community Bancorp by 1,237.8% in the fourth quarter. International Assets Investment Management LLC now owns 484,124 shares of the financial services provider’s stock valued at $47,324,000 after purchasing an additional 447,937 shares in the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.