New York Community Bancorp (NYCB) is Initiated by Wedbush to Neutral, Price Target at $15

New York Community Bancorp (NYCB) was Initiated by Wedbush to “Neutral” and the brokerage firm has set the Price Target at $15. Wedbush advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on New York Community Bancorp. Shares were Reiterated by Barclays on Jul 28, 2016 to “Equal Weight” and Lowered the Price Target to $ 16 from a previous price target of $17 .

On the company’s financial health, New York Community Bancorp reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 368.16.During the same quarter in the previous year, the company posted $0.28 EPS.

New York Community Bancorp opened for trading at $14.07 and hit $14.27 on the upside on Tuesday, eventually ending the session at $14.07, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 38,08,545 shares. Company has a market cap of $6,853 M.

In a different news, on Sep 9, 2016, Dominick Ciampa (director) purchased 9,350 shares at $15.43 per share price. According to the SEC, on Dec 9, 2015, Lawrence Jr. Rosano (director) purchased 1,500 shares at $16.58 per share price. On May 4, 2015, Lawrence J. Savarese (director) purchased 4,400 shares at $17.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

New York Community Bancorp

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