New York Community Bancorp Rating Lowered to Market Perform at FBR Capital (NYB)

By admin | 6 years ago

New York Community Bancorp (NYSE: NYB) was downgraded by equities research analysts at FBR Capital (NASDAQ: FBCM) from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday. They currently have a $13.50 price target on the stock.

A number of other analysts have also recently weighed in on NYB. Analysts at Sterne Agee downgraded shares of New York Community Bancorp from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, April 19th. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of New York Community Bancorp in a research note to investors on Thursday, April 19th. Finally, analysts at Stifel Nicolaus downgraded shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, April 18th.

Shares of New York Community Bancorp traded up 1.46% during mid-day trading on Monday, hitting $11.739. New York Community Bancorp has a one year low of $11.13 and a one year high of $16.10. The company has a market cap of $5.155 billion and a P/E ratio of 10.71.

New York Community Bancorp last issued its quarterly earnings data on Wednesday, April 18th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. On average, analysts predict that New York Community Bancorp will post $0.26 earnings per share next quarter.

New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City.

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