The stock of New York Community Bancorp, Inc. (NYSE:NYCB) is a huge mover today! About 856,747 shares traded hands. New York Community Bancorp, Inc. (NYSE:NYCB) has declined 9.47% since March 9, 2016 and is downtrending. It has underperformed by 16.88% the S&P500.
The move comes after 9 months positive chart setup for the $6.88B company. It was reported on Oct, 12 by Barchart.com. We have $22.62 PT which if reached, will make NYSE:NYCB worth $4.13 billion more.
Analysts await New York Community Bancorp, Inc. (NYSE:NYCB) to report earnings on October, 19. They expect $0.27 EPS, up 3.85% or $0.01 from last year’s $0.26 per share. NYCB’s profit will be $131.37 million for 13.09 P/E if the $0.27 EPS becomes a reality. After $0.26 actual EPS reported by New York Community Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.85% EPS growth.
New York Community Bancorp, Inc. (NYSE:NYCB) Ratings Coverage
Out of 9 analysts covering New York Community Bancorp Inc. (NYSE:NYCB), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. New York Community Bancorp Inc. has been the topic of 12 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 30 by Standpoint Research. The rating was initiated by Wedbush on Friday, October 7 with “Neutral”. Bank of America upgraded the stock to “Buy” rating in Monday, November 30 report. The company was initiated on Thursday, August 20 by Sterne Agee CRT. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) earned “Mkt Perform” rating by FBR Capital on Tuesday, January 19. Sandler O’Neill upgraded the stock to “Buy” rating in Monday, November 2 report. The firm has “Underperform” rating given on Friday, October 30 by FBR Capital. Raymond James upgraded the shares of NYCB in a report on Friday, October 30 to “Outperform” rating. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The rating was upgraded by Keefe Bruyette & Woods to “Mkt Perform” on Friday, October 30.
According to Zacks Investment Research, “New York Community Bancorp, Inc. is a leading producer of multi-family loans in New York City, with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank, with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank, with 36 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York. Reflecting its growth through a series of acquisitions, the Community Bank operates through five local divisions: Queens County Savings Bank in Queens, Roslyn Savings Bank on Long Island, Richmond County Savings Bank on Staten Island, Roosevelt Savings Bank in Brooklyn, and Garden State Community Bank in New Jersey. Similarly, the Commercial Bank operates 17 of its branches under the name Atlantic Bank.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.03, from 1.11 in 2016Q1. The ratio fall, as 41 funds sold all New York Community Bancorp, Inc. shares owned while 119 reduced positions. 36 funds bought stakes while 137 increased positions. They now own 294.08 million shares or 10.42% more from 266.32 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 41,723 shares. High Point National Bank & Trust And Trust last reported 10,000 shares in the company. Massachusetts Fin Svcs Communications Ma last reported 0.01% of its portfolio in the stock. The Florida-based Texas Yale Capital Corporation has invested 0.08% in New York Community Bancorp, Inc. (NYSE:NYCB). Arizona State Retirement Systems holds 0.04% or 190,271 shares in its portfolio. Manufacturers Life Ins The last reported 661,327 shares in the company. Ftb holds 0.01% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 4,059 shares. Texas Permanent School Fund accumulated 372,382 shares or 0.07% of the stock. Hancock Holdg Com owns 48,288 shares or 0.03% of their US portfolio. California State Teachers Retirement Sys accumulated 1.03 million shares or 0.03% of the stock. Cambridge Advsr Incorporated has 94,941 shares for 0.03% of their US portfolio. Iat Reinsurance accumulated 50,000 shares or 0.52% of the stock. Basswood Capital Management Ltd holds 73,265 shares or 0.06% of its portfolio. Toronto Dominion Commercial Bank owns 2,666 shares or 0% of their US portfolio. Northern Corp reported 4.67 million shares or 0.02% of all its holdings.
Insider Transactions: Since May 4, 2016, the stock had 2 insider purchases, and 0 sales for $289,051 net activity. The insider CIAMPA DOMINICK bought 10,000 shares worth $144,781.
Another recent and important New York Community Bancorp, Inc. (NYSE:NYCB) news was published by Prnewswire.com which published an article titled: “Savings & Loans Stocks Under Scanner — New York Community Bancorp, People’s …” on October 07, 2016.
NYCB Company Profile
New York Community Bancorp, Inc., incorporated on July 16, 1993, is a multi-bank holding company. The Firm operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s activities are divided into two divisions: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves clients and businesses by offering and servicing a range of loan and deposit products and other financial services. The Residential Mortgage Banking segment originates, aggregates, sells and services one- to four-family mortgage loans. Mortgage loan products consist of agency-conforming fixed- and adjustable-rate loans and, to a lesser extent, jumbo loans, for the purpose of purchasing or refinancing one- to four-family homes. The Community Bank is a chartered savings bank with approximately 230 branches that operates through over seven local divisions. The Community Bank is a producer of multi-family loans in New York City. The Commercial Bank is a chartered commercial bank with approximately 30 branches in Manhattan, Queens, Brooklyn, Westchester County and Long Island, including approximately 20 that operate under the name, Atlantic Bank. The Commercial Bank offers around the clock banking online, mobile banking and banking by phone. The Firm also serves its clients through approximately three connected Websites: www.myNYCB.com, www.NewYorkCommercialBank.com and www.NYCBfamily.com.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.