New York Community Bancorp, Inc. (NYSE:NYCB) Analyst Opinion
New York Community Bancorp, Inc. (NYSE:NYCB) stock is presently standing at about $14.39 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $15.00, which suggests the stock could still rise over 4 percent. The highest analyst price target is $18.50, which implies a rally of 71 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate NYCB a strong buy. There are 8 equity research firms advocating a Hold and 1 consider it Sell.
Raymond James analysts provided their view on New York Community Bancorp, Inc. (NYSE:NYCB) recently. The rating firm issued a Mkt Perform rating to this company in a research note released on Dec 21, 2016. Morgan Stanley analysts disclosed their opinion on New York Community Bancorp, Inc. (NYSE:NYCB) recently. The rating firm gave a Equal-Weight rating to this stock in a research note published on Dec 21, 2016. According to a research note disclosed on Dec 21, 2016, analysts at FBR & Co. have lowered their rating on these shares from Mkt Perform to Underperform.
New York Community Bancorp, Inc. (NYSE:NYCB) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director CIAMPA DOMINICK Purchased 9,350 company shares for 144270, in a transaction on 2016-09-08. Following the transaction, the Director is left with a stake of 749,992 shares, currently valued at $10792385. Meanwhile, Director CIAMPA DOMINICK purchased 10,000 shares worth $144800, through a transaction dated 2016-05-04. Following the completion of the transaction, the insider is left with a stake of 740,642 shares, amounting $10657838.38. NYCB Director CIAMPA DOMINICK also purchased 10,000 shares, at a stock price of $15.81. This transaction occurred on 2016-03-23 totals $158100. After this transaction, the insider’s stake stands at 705,642 shares, with a market value of $10154188.
Executives hold 2.40 percent of the stock. Joseph R. Ficalora is one of the biggest insider owners in New York Community Bancorp, Inc. (NYSE:NYCB), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 3,171,768 shares which have current market value of around $45641741.52.Michael F. Manzulli is another major inside shareholder in the company. The insider owns 1,155,242 shares as of 0.24%, currently worth $16623932.38. Robert Wann is ranked as third insider holder of the stock. This insider holds 1,120,796 shares with a market value around $16128254.44 as of recent close.
New York Community Bancorp, Inc. (NYSE:NYCB) Earnings Outlook
In New York Community Bancorp, Inc. (NYSE:NYCB)’s latest quarter, EPS moved to $0.24 from $0.26 in preceding quarter and revenues reached at $315.52M compared to $318.42M. Analysts had expected New York Community Bancorp, Inc. (NYSE:NYCB) to post net income of about $0.25 per share on $317.57M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.22 to $0.24. That is compared with the $0.27 in EPS it reported during the same period a year ago.