New York Community Bancorp, Inc. (NYSE:NYCB)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.00, but opened at $10.21. New York Community Bancorp shares last traded at $10.32, with a volume of 5,611,935 shares changing hands.

A number of research analysts have recently weighed in on the company. TheStreet upgraded SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a research report on Thursday, June 13th. B. Riley set a $75.00 price objective on Comerica and gave the company a “hold” rating in a research report on Thursday. Jefferies Financial Group raised their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.17.

The company has a market cap of $4.77 billion, a P/E ratio of 13.06, a PEG ratio of 1.32 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average price of $9.98.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $266.11 million during the quarter, compared to analyst estimates of $268.24 million. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. On average, sell-side analysts expect that New York Community Bancorp, Inc. will post 0.77 earnings per share for the current fiscal year.

In related news, Director Hanif Dahya purchased 1,640 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of $26.31 per share, for a total transaction of $43,148.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.31% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in shares of New York Community Bancorp by 20.1% during the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock valued at $56,000 after buying an additional 999 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of New York Community Bancorp by 42.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,750 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,000 shares during the period. Colrain Capital LLC purchased a new position in shares of New York Community Bancorp during the first quarter valued at approximately $93,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of New York Community Bancorp during the first quarter valued at approximately $125,000. Finally, Banco Santander S.A. purchased a new position in shares of New York Community Bancorp during the first quarter valued at approximately $129,000. Institutional investors own 63.04% of the company’s stock.

About New York Community Bancorp (NYSE:NYCB)

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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