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NY Community (NYCB) Receives a Hold from Credit Suisse


In a report released yesterday, Moshe Orenbuch from Credit Suisse maintained a Hold rating on NY Community (NYSE: NYCB), with a price target of $12. The company’s shares closed yesterday at $10.69, close to its 52-week low of $10.17.

According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 13.0% and a 73.0% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Santander Consumer USA, and Capital One Financial.

NY Community has an analyst consensus of Hold, with a price target consensus of $11.50.

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Based on NY Community’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $106 million. In comparison, last year the company had a net profit of $110 million.

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New York Community Bancorp, Inc. is a multi-bank company, which engages in the production of multi-family loans on apartment buildings. It operates through its subsidiaries, New York Community Bank and New York Commercial Bank. It offers financial products and services to individuals and businesses.