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Wedbush Keeps a Hold Rating on NY Community (NYCB)

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In a report issued on May 9, Peter Winter from Wedbush maintained a Hold rating on NY Community (NYCBResearch Report), with a price target of $12.00. The company’s shares closed last Monday at $9.13, close to its 52-week low of $8.73.

According to TipRanks.com, Winter is a 3-star analyst with an average return of 1.7% and a 37.1% success rate. Winter covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Prosperity Bancshares.

Currently, the analyst consensus on NY Community is a Hold with an average price target of $11.92, a 30.4% upside from current levels. In a report issued on April 28, J.P. Morgan also maintained a Hold rating on the stock with a $11.00 price target.

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NY Community’s market cap is currently $4.26B and has a P/E ratio of 7.54.

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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.

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