New York Community Bancorp (NYCB) Getting Somewhat Positive Press Coverage, Report Finds

News stories about New York Community Bancorp (NYSE:NYCB) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New York Community Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.8971909272577 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of New York Community Bancorp (NYSE:NYCB) traded down $0.14 during midday trading on Monday, reaching $13.64. 4,637,400 shares of the company were exchanged, compared to its average volume of 4,280,000. New York Community Bancorp has a 12-month low of $11.67 and a 12-month high of $16.18. The stock has a market capitalization of $6,670.00, a P/E ratio of 15.68, a PEG ratio of 1.66 and a beta of 0.59. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million for the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period in the prior year, the firm posted $0.26 earnings per share. equities analysts predict that New York Community Bancorp will post 0.68 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on NYCB. Piper Jaffray Companies reissued a “sell” rating and set a $11.00 price target on shares of New York Community Bancorp in a report on Tuesday, September 19th. BidaskClub raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Barclays lowered their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Finally, FBR & Co reissued a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.11.

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About New York Community Bancorp

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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