New York Community Bancorp (NYCB) : Analyst Rating Update

New York Community Bancorp (NYCB) has an average broker rating of 2.41, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

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 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 (NYSE:NYCB): The stock opened at $14.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.69 for the day. The stock traded down to $14.52 during the day, due to lack of any buying support eventually closed down at $14.67 with a loss of -0.14% for the day. The stock had closed at $14.69 on the previous day. The total traded volume was 5,026,461 shares.

Also, Brokerage firm JP Morgan maintains its rating on New York Community Bancorp (NYSE:NYCB). As per the latest information, the brokerage house raises the price target to $15.5 per share from a prior target of $15. The shares have been rated Underweight. The rating by the firm was issued on April 5, 2016. The company shares have dropped -18.21% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $19.18 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $15.18 and the 200 Day Moving Average price is recorded at $15.37.

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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