Short Term Price Target on New York Community Bancorp (NYCB)

New York Community Bancorp (NYSE:NYCB) : The highest short term price target forecast on New York Community Bancorp (NYSE:NYCB) is $19 and the lowest target price is $15. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $16.7 with a standard deviation of $1.49.

New York Community Bancorp Inc. has lost 2.91% in the last five trading days and dropped 4.95% in the last 4 weeks. New York Community Bancorp Inc. has dropped 4.02% during the last 3-month period . Year-to-Date the stock performance stands at -6.04%. Also, Major Brokerage house, JP Morgan maintains its ratings on New York Community Bancorp (NYSE:NYCB). In the latest research report, JP Morgan raises the target price from $15 per share to $15.5 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on April 5, 2016.

New York Community Bancorp (NYSE:NYCB) : 11 analysts are covering New York Community Bancorp (NYSE:NYCB) and their average rating on the stock is 2.41, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. New York Community Bancorp (NYSE:NYCB) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

New York Community Bancorp (NYSE:NYCB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.92 and $14.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.99, notching a gain of 1.08% for the day. The total traded volume was 5,518,605 . The stock had closed at $14.83 on the previous day.

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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