Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Sell rating on New York Community Bancorp (NYSE:NYCB) on Tuesday, setting a price target of $10, which is approximately 18.76% above the present share price of $8.42.
Zerbe expects New York Community Bancorp (NASDAQ:CTBI) to post earnings per share (EPS) of $0.21 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in NY Community, with an average price target of $11.
The analysts price targets range from a high of $13 to a low of $10.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $281.25 million and a net profit of $0. The company's market cap is $3.91 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.4% and a 51.02% 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.