Wedbush downgraded its rating of New York Community NYCB to Underperform with a price target of $8.00, changing its price target from $12.00 to $8.00.
Shares of New York Community are trading down 0.44% over the last 24 hours, at $9.01 per share.
A move to $8.00 would account for a 11.21% decrease from the current share price.
About New York Community
New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank compete for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.
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