New York Community Bancorp (NYCB) : 11 analysts are covering New York Community Bancorp (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 (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 3, which recommends a Hold 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 (NYCB) : The highest short term price target forecast on New York Community Bancorp (NYCB) is $19 and the lowest target price is $15. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $16.05 with a standard deviation of $1.39.
Company shares have received an average consensus rating of Hold for the current week New York Community Bancorp (NYSE:NYCB): The stock opened at $14.30 on Thursday but the bulls could not build on the opening and the stock topped out at $14.34 for the day. The stock traded down to $14.12 during the day, due to lack of any buying support eventually closed down at $14.24 with a loss of -0.49% for the day. The stock had closed at $14.31 on the previous day. The total traded volume was 4,396,128 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Community Bancorp Inc, Ciampa Dominick, had purchased 10,000 shares in a transaction dated on May 4, 2016. The transaction was executed at $14.48 per share with total amount equaling $144,800.
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.