New York Community Bancorp (NYSE:NYCB) Upgrade
New York-listed New York Community Bancorp (NYSE:NYCB), was raised by expert analysts at Standpoint Research. Standpoint Research raised its rating on the $7.34 billion market cap company to Buy from a previous Hold, but maintained its PT of $19.00 on NYCB shares.
Out of 5 analysts covering New York Community Bancorp Inc. (NYSE:NYCB), 2 rate it “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $19 is the highest target while $15 is the lowest. The $17.75 average target is 7.71% above today’s ($16.48) stock price. New York Community Bancorp Inc. was the topic in 6 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Standpoint Research upgraded the stock on October 30 to “Buy” rating. Raymond James upgraded the shares of NYCB in a report on October 30 to “Outperform” rating. Finally, Sterne Agee CRT initiated the stock with “Neutral” rating in an August 20 report.
The stock decreased 2.25% or $0.38 on October 30, hitting $16.48. About 44.78M shares traded hands or 801.01% up from the average. New York Community Bancorp, Inc. (NYSE:NYCB) has declined 2.31% since March 30, 2015 and is downtrending. It has underperformed by 1.98% the S&P500.
The institutional sentiment increased to 1.5 in Q2 2015. Its up 0.30, from 1.2 in 2015Q1. The ratio is positive, as 28 funds sold all New York Community Bancorp, Inc. shares owned while 105 reduced positions. 45 funds bought stakes while 154 increased positions. They now own 249.08 million shares or 4.48% more from 238.40 million shares in 2015Q1.
Majedie Asset Management Ltd holds 4.41% of its portfolio in New York Community Bancorp, Inc. for 1.39 million shares. Shikiar Asset Management Inc owns 298,550 shares or 2.5% of their US portfolio. Moreover, Capital Management Corp Va has 2.04% invested in the company for 319,169 shares. The Massachusetts-based Anchor Capital Advisors Llc has invested 1.82% in the stock. Deschaine & Company Llc, a Illinois-based fund reported 53,335 shares.
New York Community Bancorp, Inc. is a multi-bank holding firm and has two primary subsidiaries: New York Community Bank and New York Commercial Bank (Commercial Bank). The company has a market cap of $7.34 billion. The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. It has 14.96 P/E ratio. The Community Bank is a producer of multi-family loans in New York City.
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.
New York Community Bancorp - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
 Upgrade New York-listed New York Community Bancorp (NYSE:NYCB), was raised by expert analysts at Standpoint Research. Standpoint Research raised its rating on the .34 billion…){kind=link}