New York Community Bancorp (NYCB) is Reiterated by Barclays to Equal Weight, Lowers Price Target to $ 16

New York Community Bancorp (NYCB) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 16 from a previous price target of $17 . Barclays advised their investors in a research report released on Jul 28, 2016.

On the company’s financial health, New York Community Bancorp reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 368.16.During the same quarter in the previous year, the company posted $0.28 EPS.

New York Community Bancorp closed down -0.03 points or -0.21% at $14.24 with 65,46,139 shares getting traded on Thursday. Post opening the session at $14.22, the shares hit an intraday low of $14.1025 and an intraday high of $14.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 4, 2016, Dominick Ciampa (director) purchased 10,000 shares at $14.48 per share price. According to the SEC, on Dec 9, 2015, Lawrence Jr. Rosano (director) purchased 1,500 shares at $16.58 per share price. On May 4, 2015, Lawrence J. Savarese (director) purchased 4,400 shares at $17.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

New York Community Bancorp

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