Breaking: What’s Next for New York Community Bancorp, Inc. After Today’s Big Increase?

Breaking: What's Next for New York Community Bancorp, Inc. After Today's Big Increase?

The stock of New York Community Bancorp, Inc. (NYSE:NYCB) is a huge mover today! About 756,954 shares traded hands. New York Community Bancorp, Inc. (NYSE:NYCB) has risen 2.33% since April 26, 2016 and is uptrending. It has underperformed by 2.93% the S&P500.
The move comes after 5 months positive chart setup for the $7.66B company. It was reported on Nov, 29 by Barchart.com. We have $17.08 PT which if reached, will make NYSE:NYCB worth $536.20 million more.

Analysts await New York Community Bancorp, Inc. (NYSE:NYCB) to report earnings on January, 25. They expect $0.26 EPS, down 16.13% or $0.05 from last year’s $0.31 per share. NYCB’s profit will be $124.79M for 15.35 P/E if the $0.26 EPS becomes a reality. After $0.26 actual EPS reported by New York Community Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% 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 rating was upgraded by Raymond James on Friday, October 30 to “Outperform”. FBR Capital downgraded the shares of NYCB in a report on Friday, October 30 to “Underperform” rating. The company was initiated on Friday, October 7 by Wedbush. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, January 19. RBC Capital Markets maintained the shares of NYCB in a report on Thursday, January 28 with “Sector Perform” rating. Keefe Bruyette & Woods upgraded the shares of NYCB in a report on Friday, October 30 to “Mkt Perform” rating. Bank of America upgraded the shares of NYCB in a report on Monday, November 30 to “Buy” rating. The rating was upgraded by Sterne Agee CRT to “Buy” on Tuesday, January 5. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, August 20. The stock of New York Community Bancorp, Inc. (NYSE:NYCB) earned “Buy” rating by Standpoint Research 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 is 1.08 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 41 funds sold all New York Community Bancorp, Inc. shares owned while 119 reduced positions. only 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.
Pnc Financial Gp accumulated 175,804 shares or 0% of the stock. Baillie Gifford & accumulated 1.27 million shares or 0.03% of the stock. Pictet Asset Mngmt holds 0.01% or 167,600 shares in its portfolio. The Oklahoma-based Bokf Na has invested 0.03% in New York Community Bancorp, Inc. (NYSE:NYCB). Us Fincl Bank De last reported 43,267 shares in the company. Tiaa Cref Invest Mgmt Ltd Liability, a New York-based fund reported 2.24 million shares. Moreover, Great West Life Assurance Co Can has 0.02% invested in New York Community Bancorp, Inc. (NYSE:NYCB) for 314,107 shares. Qs Investors Ltd Com holds 0% or 321 shares in its portfolio. Moreover, Oakworth Cap Inc has 0% invested in New York Community Bancorp, Inc. (NYSE:NYCB) for 192 shares. Pggm Invs, a Netherlands-based fund reported 725,353 shares. Markston holds 0% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 900 shares. Janney Montgomery Scott Limited Liability Company accumulated 0.1% or 391,855 shares. Rhumbline Advisers holds 0.04% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 794,028 shares. American Intll Group Inc Inc has 955,205 shares for 0% of their US portfolio. Cadence Management Ltd Liability Corp holds 0.07% of its portfolio in New York Community Bancorp, Inc. (NYSE:NYCB) for 60,087 shares.

Insider Transactions: Since September 8, 2016, the stock had 1 insider buy, and 0 selling transactions for $144,270 net activity. $144,270 worth of New York Community Bancorp, Inc. (NYSE:NYCB) was bought by CIAMPA DOMINICK.

More news for New York Community Bancorp, Inc. (NYSE:NYCB) were recently published by: Businesswire.com, which released: “New York Community Bancorp, Inc. President and Chief Executive Officer Joseph …” on November 10, 2016. Nasdaq.com‘s article titled: “New York Community Bancorp, Inc. (NYCB) Ex-Dividend Date Scheduled for …” and published on November 02, 2016 is yet another important article.

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.

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