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Wedbush Maintains a Hold Rating on NY Community (NYCB)

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Wedbush analyst Peter Winter maintained a Hold rating on NY Community (NYCBResearch Report) today and set a price target of $12.00. The company’s shares closed last Monday at $9.79.

According to TipRanks.com, Winter is a 3-star analyst with an average return of 3.8% and a 43.2% 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, implying a 21.6% upside from current levels. In a report issued on June 2, KBW also downgraded the stock to Hold.

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The company has a one-year high of $14.33 and a one-year low of $8.73. Currently, NY Community has an average volume of 8.28M.

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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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