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New York Community Bancorp Inc. Message Board

  • bankman_retired bankman_retired Jan 12, 2005 6:27 PM Flag

    KBW rating on NYB

    This is a technical point but, KBW did not downgrade NYB. It initiated coverage with a market underperform rating. There was no prior KBW rating on this stock. For those not familiar with analyst ratings etc. this firm is one of the best in evaluating bank stocks. Their bank stock ratings carry some weight and are worth taking note of.

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    • Pull the 5-year chart and look at the sideways consolidation between early Spring '02 and early Spring '03.

    • I think the stock trading lower by like 10% in front of earnings is a sign that there is something coming out

    • Thx for your comments...why do you say support is $16 when the year low is $17.59? I may very well wait for earnings as others have suggested....my other thrifts always seem to go down for a couple days even when earnings are good. My heart goes out to those of you in here much higher but you'll probably be alright if you can find the patience.

    • They just said due to the coverage ratios, cash and cash flow in their latest report in November.

      Their opinion is just as good as yours, it's not like I take it as the truth just that they are not that hot on the stock and yet still say dividend is secure.

    • Why are most posters so sure the dividend will remain the same ? When / where did
      CitiBank claim it was safe ??

    • Pretty good analysis...except even the bashers like Citi attest that the div yield ($1/share) is safe and that the bank is a takeover prospect due to it's demographics.

      16 is probably as low as it goes but I think they can get 25-30 in a merger because they are in a high quality "niche" market in both assets (multi-fam loans) and liabilities ("sticky deposits").

      I'll buy after earnings becuause the market says wait until then but I'm more than happy making .25 per share waiting for the merger.

    • As far as ratings go, in May 2004 Smith Barney Citigroup downgraded NYB to Hold.
      In July 2004 they downgraded NYB to Sell.

      Smith Barney Citigroup currently owns 9.9million shares.
      Smith Barney Aggresive growth fund is the top mutual fund owner of NYB with 4 million shares.

      If they don't like the stock why does this instituiton own over $289 million dollars worth of it at this time?

 
NYCB
15.79-0.09(-0.57%)Aug 1 4:03 PMEDT

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