New York Community Bancorp (NYSE:NYCB) Upgraded at StockNews.com

New York Community Bancorp (NYSE:NYCB) was upgraded by research analysts at StockNews.com to a “sell” rating in a research report issued on Monday.

A number of other research analysts have also issued reports on the stock. DA Davidson lowered shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $8.50 to $5.00 in a research note on Thursday, February 8th. TheStreet lowered New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, February 5th. Compass Point downgraded New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $8.00 in a research note on Thursday, February 1st. JPMorgan Chase & Co. cut New York Community Bancorp from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $11.50 to $5.50 in a research note on Wednesday, February 7th. Finally, Wedbush dropped their target price on New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating on the stock in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.43.

New York Community Bancorp Stock Down 6.1 %

Shares of NYCB traded down $0.18 during midday trading on Monday, hitting $2.79. 18,021,769 shares of the company’s stock traded hands, compared to its average volume of 33,975,863. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 0.84 and a beta of 0.92. New York Community Bancorp has a 1 year low of $1.70 and a 1 year high of $14.22. The firm’s fifty day moving average is $3.46 and its 200-day moving average is $7.18.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $935.90 million. During the same quarter last year, the business posted $0.25 earnings per share. As a group, sell-side analysts anticipate that New York Community Bancorp will post -0.08 earnings per share for the current year.

Insider Activity at New York Community Bancorp

In other news, Director Peter Schoels purchased 100,000 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $4.15 per share, with a total value of $415,000.00. Following the completion of the purchase, the director now directly owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other New York Community Bancorp news, EVP Lee Matthew Smith acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $4.05 per share, with a total value of $101,250.00. Following the purchase, the executive vice president now owns 1,440,683 shares in the company, valued at $5,834,766.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Schoels bought 100,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the purchase, the director now directly owns 147,438 shares in the company, valued at $611,867.70. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 213,410 shares of company stock valued at $875,626. 1.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On New York Community Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in 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 during the period. Nordea Investment Management AB acquired a new position in New York Community Bancorp in the fourth quarter valued at about $1,755,000. AQR Capital Management LLC boosted its stake in New York Community Bancorp by 212.7% during the third quarter. AQR Capital Management LLC now owns 1,982,700 shares of the financial services provider’s stock worth $22,444,000 after buying an additional 1,348,601 shares during the period. Pacer Advisors Inc. increased its position in shares of New York Community Bancorp by 79.2% during the fourth quarter. Pacer Advisors Inc. now owns 108,619 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 47,996 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of New York Community Bancorp by 7.9% during 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 acquiring an additional 12,700 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.