Price Target Update on New York Community Bancorp (NYSE:NYCB)

New York Community Bancorp (NYSE:NYCB) : Average target price received by New York Community Bancorp (NYSE:NYCB) is $16.7 with an expected standard deviation of $1.49. The most aggressive target on the stock is $19, whereas the most downbeat target is $15. 10 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of New York Community Bancorp (NYSE:NYCB). JP Morgan has a Underweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $15.5 per share from a prior target of $15. The rating by the firm was issued on April 5, 2016.

New York Community Bancorp (NYSE:NYCB): stock turned positive on Thursday. Though the stock opened at $15.26, the bulls momentum made the stock top out at $15.46 level for the day. The stock recorded a low of $15.26 and closed the trading day at $15.44, in the green by 2.12%. The total traded volume for the day was 3,729,496. The stock had closed at $15.12 in the previous days trading.

The company shares have dropped -18.05% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $19.18 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $15.14 and the 200 Day Moving Average price is recorded at $15.49. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of New York Community Bancorp Inc, Ciampa Dominick had purchased shares worth of $144,800 in a transaction dated on May 4, 2016. A total of 10,000 shares were purchased at a price of $14.48 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

New York Community Bancorp, Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans, it originates commercial real estate loans (primarily in New York City, as well as Long Island and New Jersey) and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan, Queens, Brooklyn, Westchester County, and Long Island, including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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