New York Community Bancorp (NYCB) Receives Price Target

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 $14 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $15.94 with an expected fluctuation of $1.53 from the mean.

New York Community Bancorp (NYCB) : The consensus on New York Community Bancorp (NYCB) based on 10 analyst recommendation on the company stock is 2.55, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


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

New York Community Bancorp (NYSE:NYCB): The stock opened at $15.12 on Thursday but the bulls could not build on the opening and the stock topped out at $15.15 for the day. The stock traded down to $14.90 during the day, due to lack of any buying support eventually closed down at $15.08 with a loss of -0.20% for the day. The stock had closed at $15.11 on the previous day. The total traded volume was 3,550,462 shares.

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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