Zacks Rating on New York Community Bancorp (NYCB)

New York Community Bancorp (NYCB) : 2 brokerage houses believe that New York Community Bancorp (NYCB) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on New York Community Bancorp (NYCB). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.55.

New York Community Bancorp (NYCB) : 9 Wall Street analysts covering New York Community Bancorp (NYCB) believe that the average level the stock could reach for the short term is $15.94. The maximum price target given is $19 and the minimum target for short term is around $14, hence the standard deviation is calculated at $1.53.


New York Community Bancorp Inc. has lost 0.21% in the last five trading days and dropped 1.22% in the last 4 weeks. New York Community Bancorp Inc. has dropped 5.54% during the last 3-month period . Year-to-Date the stock performance stands at -9.11%. New York Community Bancorp (NYSE:NYCB): On Tuesdays trading session , Opening price of the stock was $14.46 with an intraday high of $14.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.32. However, the stock managed to close at $14.33, a loss of 0.49% for the day. On the previous day, the stock had closed at $14.4. The total traded volume of the day was 2,941,856 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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