Raymond James Remains a Hold on NY Community (NYCB)
Raymond James analyst William Wallace maintained a Hold rating on NY Community (NYCB) today. The company’s shares closed last Monday at $12.53, close to its 52-week high of $13.23.
According to TipRanks.com, Wallace is a 5-star analyst with an average return of 30.0% and a 75.3% success rate. Wallace covers the Financial sector, focusing on stocks such as American National Bankshares, Meridian Interstate Bancorp, and Business First Bancshares.
Currently, the analyst consensus on NY Community is a Moderate Buy with an average price target of $14.60.
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Based on NY Community’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $323 million and net profit of $190 million. In comparison, last year the company earned revenue of $260 million and had a net profit of $101 million.
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New York Community Bancorp, Inc. engages in the production of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.