New York Community Bancorp (NYCB) Receives ‘Analyst’ Rating

New York Community Bancorp (NYCB) : Zacks Investment Research ranks New York Community Bancorp (NYCB) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.55, which indicates as a Hold.

New York Community Bancorp (NYCB) : The highest level New York Community Bancorp (NYCB) is projected to reach is $19 for the short term and the lowest estimate is at $14. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $15.94 and the possibility the share price can swing is $1.53.


Also, Equity Analysts at the Morgan Stanley maintains the rating on New York Community Bancorp (NYSE:NYCB). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $17.5 per share to $16.5 per share. The rating by the firm was issued on August 1, 2016.

New York Community Bancorp (NYSE:NYCB): The stock opened in the green at $14.78 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.8 and a low of $14.64 for the day. The stock did not find buyers even at the lows and closed at $14.67 recording a loss of -1.01%. 5,362,733 shares exchanged hands during the trading day. The stock had closed at $14.82 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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