Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Sell rating on New York Community Bancorp (NASDAQ:CTBI) on Monday, setting a price target of $11, which is approximately 0.55% above the present share price of $10.94.
Zerbe expects New York Community Bancorp (NASDAQ:TBBK) to post earnings per share (EPS) of $0.20 for the second quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in NY Community (NYSE:NYCB), with an average price target of $12.
The analysts price targets range from a high of $14 to a low of $10.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $261.37 million and a net profit of $0. The company's market cap is $5.08 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.6% and a 44.44% success rate.
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.