Barclays Maintains New York Community Bancorp to Equalweight with Price Target $16.00

Brokerage firm Barclays Maintains its rating on New York Community Bancorp(NYSE:NYCB). In a research note issued to the investors, the brokerage major Lowers the price-target to $16.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on New York Community Bancorp. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Underweight’ by the firm.

New York Community Bancorp (NYCB) made into the market gainers list on Thursdays trading session with the shares advancing 0.42% or 0.06 points. Due to strong positive momentum, the stock ended at $14.36, which is also near the day’s high of $14.42. The stock began the session at $14.31 and the volume stood at 39,86,646 shares. The 52-week high of the shares is $19.18 and the 52 week low is $14.1025. The company has a current market capitalization of $6,994 M and it has 48,70,16,050 shares in outstanding.

New York Community Bancorp(NYCB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $325.57M. Analysts had an estimated revenue of $323.76M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Dominick Ciampa (director) purchased 10,000 shares at $14.48 per share price.Also, 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.

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