New York Community Bancorp (NYCB): Price Target and June Short Interest Disclosure

New York Community Bancorp (NYCB) : The most positive equity analysts on New York Community Bancorp (NYCB) expects the shares to touch $19, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $16.45 with an expected fluctuation of $1.5 from the mean.

New York Community Bancorp (NYCB), A rise of 1,182,737 shares or 3% was seen in the short interest of New York Community Bancorp Inc. Even as the interest increased from 39,856,035 shares on June 15,2016 to 41,038,772 shares on June 30,2016, the days to cover came in at 7. The updated interest stood at 8.7% of the stocks floats. The stock has seen an average daily volume of 5,827,919 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, JP Morgan maintains its rating on New York Community Bancorp (NYSE:NYCB).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, JP Morgan lowers the new price target from $15 per share to $14.5 per share. The rating by the firm was issued on July 7, 2016.


New York Community Bancorp (NYSE:NYCB): stock turned positive on Thursday. Though the stock opened at $15.07, the bulls momentum made the stock top out at $15.1 level for the day. The stock recorded a low of $14.89 and closed the trading day at $14.95, in the green by 0.47%. The total traded volume for the day was 5,858,930. The stock had closed at $14.88 in the previous days trading.

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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