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NYCB $10.55

NYCB target price
10.55
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New York Community Bancorp, Inc.
Type
Public company
Traded as NYSE: NYCB
S&P 400 component
Industry Commercial bank
Founded 1859; 158 years ago (1859)
Headquarters Westbury, New York
Number of locations
225 branches
Key people
Joseph R. Ficalora, CEO
Thomas R. Cangemi, CFO
Dominick Ciampa, Chairman
Products Multi-family loans
Commercial real estate loans
Revenue Increase $1.433 billion (2016)
Net income
Increase $0.495 billion (2016)
Total assets Decrease $48.926 billion (2016)
Total equity Increase 46.123 billion (2016)}
Number of employees
3,448 (2015)
Capital ratio 10.62%
Website www.mynycb.com

New York Community Bancorp, Inc. (NYCB) is a bank headquartered in Westbury, New York with 225 branches in New York, New Jersey, Ohio, Florida, and Arizona. NYCB is on the list of largest banks in the United States.

Almost all of the loans originated by the bank are either multi-family or commercial loans, many of which are in New York City and are subject to rent control and rent stabilization laws.

New York Community Bank operates branches under the following names:

NYCB was founded on April 14, 1859 in Flushing, Queens as Queens County Savings Bank, and changed its name on December 15, 2000 to New York Community Bank to better reflect its market area beyond Queens.

In 1993, the company became a public company via an initial public offering.

In 2000, the bank acquired Haven Bancorp for $196 million.

In 2001, NYCB acquired Richmond County Financial in an $802 million transaction.

In 2002, NYCB acquired asset manager Peter B. Cannell & Co.

In 2003, NYCB acquired Roslyn Bancorp in a $1.6 billion transaction.

In 2005, NYCB acquired Long Island Financial in a $70 million transaction.

In 2006, NYCB acquired Atlantic Bank of New York from the National Bank of Greece for $400 million.

In March 2007, NYCB acquired 11 branches in New York City from Doral Financial Corporation.

In April 2007, NYCB acquired Penn Federal Savings Bank for $262 million, adding branches in East Central and North East New Jersey.

In October 2007, NYCB acquired Synergy Bank of Cranford, New Jersey for $168 million in stock. In September 2009, NYCB re-branded the Synergy branches to Garden State Community Bank.

In December 2009, the Federal Deposit Insurance Corporation seized AmTrust, a bank headquartered in Cleveland, OH with 66 branches and $13 billion in assets in Ohio, Florida and Arizona. NYCB acquired Amtrust, which expanded NYCB's branch footprint outside of the New York metropolitan area for the first time. In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit.

In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB.

In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers.

On October 29, 2015, the bank announced an agreement to merge with Astoria Bank, but the proposed merger was terminated in December 2016 after failing to win regulatory approval.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 0.35 0.35
Q1 2022 2022-04-27 0.32 0.32
Q4 2021 2022-01-26 0.31 0.31
Q3 2021 2021-10-27 0.31 0.31
Q2 2021 2021-07-28 0.33 0.33
Q1 2021 2021-04-26 0.29 0.29
Q4 2020 2021-01-27 0.39 0.39
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-07-29 0.21 0.21

Ratings

2016-07-09 Reiterated Rating JPMorgan Chase & Co. Sell
2016-07-07 Lower Price Target JPMorgan Chase & Co. Underweight $15.00 to $14.50
2016-06-04 Reiterated Rating Deutsche Bank Hold
2016-06-04 Reiterated Rating Deutsche Bank AG Hold
2016-04-06 Reiterated Rating JPMorgan Chase & Co. Sell $15.50
2016-04-05 Reiterated Rating Deutsche Bank Hold $16.00
2016-03-07 Reiterated Rating Deutsche Bank Hold $16.00
2016-01-28 Lower Price Target RBC Capital Sector Perform $17.00 to $16.00
2016-01-28 Reiterated Rating JPMorgan Chase & Co. Sell
2016-01-28 Lower Price Target Royal Bank Of Canada Sector Perform $17.00 to $16.00
2016-01-19 Upgrade FBR & Co. Underperform to Market Perform $15.00
2016-01-19 Upgrade FBR & Co Underperform to Market Perform $15.00
2016-01-05 Upgrade Sterne Agee CRT Neutral to Buy $18.00
2015-12-30 Reiterated Rating Standpoint Research Buy
2015-11-30 Upgrade Bank of America Neutral to Buy $17.00 to $18.00
2015-11-30 Upgrade Bank of America Corp. Neutral to Buy $17.00 to $18.00
2015-11-03 Upgrade Bank of America Underperform to Neutral
2015-11-02 Upgrade Sandler O'Neill Hold to Buy
2015-10-30 Upgrade Standpoint Research Hold to Buy $19.00
2015-10-30 Upgrade Raymond James Market Perform to Outperform $19.00
2015-10-30 Upgrade Keefe, Bruyette & Woods Underperform to Market Perform $15.50 to $16.50
2015-10-30 Downgrade FBR & Co. Market Perform to Underperform $16.00 to $15.00
2015-10-30 Lower Price Target RBC Capital $18.00 to $17.00
2015-10-30 Upgrade Raymond James Financial Inc. Market Perform to Outperform $19.00
2015-10-29 Boost Price Target Morgan Stanley $18.00 to $19.00
2015-09-10 Reiterated Rating Deutsche Bank Hold
2015-08-19 Initiated Coverage Sterne Agee CRT Neutral $18.00
2015-07-08 Downgrade Keefe, Bruyette & Woods Market Perform to Underperform $15.50
2015-06-30 Boost Price Target Deutsche Bank Hold $15.50 to $16.00
2015-06-24 Initiated Coverage Bank of America Underperform $17.00
2015-06-16 Boost Price Target Barclays Equal Weight $16.00 to $18.00
2015-06-16 Boost Price Target Barclays PLC Equal Weight $16.00 to $18.00
2015-06-06 Reiterated Rating Morgan Stanley Overweight $18.00 to $19.00
2015-06-04 Initiated Coverage Piper Jaffray Underweight $16.00
2015-06-04 Initiated Coverage Piper Jaffray Cos. Underweight $16.00
2015-05-13 Downgrade Standpoint Research Buy to Hold
2015-05-07 Reiterated Rating RBC Capital Sector Perform $16.00 to $17.00
2015-05-01 Initiated Coverage Raymond James Market Perform
2015-04-30 Boost Price Target Barclays Equal Weight $15.00 to $16.00
2015-04-12 Reiterated Rating Deutsche Bank Hold $15.00
2015-01-30 Lower Price Target Barclays Equal Weight $17.00 to $15.00
2014-10-23 Reiterated Rating Keefe, Bruyette & Woods Market Perform $15.50 to $14.50
2014-09-16 Upgrade Standpoint Research Hold to Buy $20.00
2014-05-01 Reiterated Rating JPMorgan Chase & Co. Underweight $14.00
2014-04-07 Downgrade JPMorgan Chase & Co. Neutral to Underweight $17.00 to $15.00
2014-01-30 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform
2014-01-29 Boost Price Target Barclays Equal Weight $14.00 to $17.00
2014-01-10 Downgrade Buckingham Research Buy to Neutral
2013-12-04 Downgrade Guggenheim Buy to Neutral
2013-10-25 Boost Price Target RBC Capital Sector Perform $14.00 to $15.00
2013-10-24 Boost Price Target FBR & Co. Market Perform $14.00 to $15.00
2013-10-14 Downgrade Standpoint Research Buy to Hold
2013-10-08 Initiated Coverage Evercore ISI Neutral $15.50
2013-10-07 Boost Price Target Guggenheim Buy $16.00 to $17.00
2013-06-17 Initiated Boenning & Scattergood Neutral $14
2016-07-09 Reiterated Rating JPMorgan Chase & Co. Sell
2016-07-07 Lower Price Target JPMorgan Chase & Co. Underweight $15.00 to $14.50
2016-06-04 Reiterated Rating Deutsche Bank Hold
2016-06-04 Reiterated Rating Deutsche Bank AG Hold
2016-04-06 Reiterated Rating JPMorgan Chase & Co. Sell $15.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
FICALORA JOSEPH R President & CEO 0.81%  (3576341) NYCB /
WANN ROBERT Senior EVP and COO 0.29%  (1297602) NYCB /
CANGEMI THOMAS R Sr. EVP & CFO 0.19%  (861230) NYCB /
CARPENTER JAMES J Sr.EVP & Chief Lending Officer 0.10%  (424859) NYCB /
Pinto John J EVP & Chief Accounting Officer 0.07%  (328749) NYCB /
ODONOVAN JAMES J 0.07%  (308655) NYCB /
VOUTSINAS SPIROS J Pres. Atlantic Bank Division 0.04%  (158153) NYCB /