Brokerage Firm Rating Update on New York Community Bancorp (NYCB)

New York Community Bancorp (NYCB) has an average broker rating of 2.55, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 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 4, which is also a Sell. 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 $14. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $15.94 with a standard deviation of $1.53.


Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley maintains its view on New York Community Bancorp (NYSE:NYCB) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $17.5 per share to $16.5 per share on New York Community Bancorp . The rating by the firm was issued on August 1, 2016.

New York Community Bancorp (NYSE:NYCB): The stock opened at $15.05 and touched an intraday high of $15.42 on Wednesday. During the day, the stock corrected to an intraday low of $15.01, however, the bulls stepped in and pushed the price higher to close in the green at $15.4 with a gain of 1.65% for the day. The total traded volume for the day was 4,110,634. The stock had closed at $15.15 in the previous trading session.

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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