NYCB Stock: Piper Sandler Deems It Highly Attractive

Reports Suggest Positive Outlook for NYCB Stock

Investment firm Piper Sandler has reiterated its Overweight rating on New York Community Bancorp (NYCB) shares. The firm believes that the recent noise surrounding the stock is diminishing, and it has increased confidence in its positive view on NYCB. The company’s updated liquidity and deposit flow information has provided further reassurance to investors. While Piper Sandler expects the company to provide more details on its objectives in the coming months, it does not anticipate any significant impact on its earnings projections. At just 42% of tangible book value, NYCB’s stock is considered inexpensive, and the risk/reward ratio is deemed attractive. Piper Sandler has set a price target of $8 for NYCB shares.