New York Community Bancorp (NYCB) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
New York Community Bancorp (NYSE:NYCB) released its earnings data on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04, Analyst Ratings Net reports. During the same quarter in the previous year, the company posted $0.30 earnings per share.
A number of research firms have recently commented on NYCB. Analysts at Barclays raised their price target on shares of New York Community Bancorp from $14.00 to $17.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Buckingham Research downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. Finally, analysts at Guggenheim downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $15.52.
New York Community Bancorp (NYSE:NYCB) traded down 2.15% on Wednesday, hitting $16.36. The stock had a trading volume of 5,651,085 shares. New York Community Bancorp has a one year low of $12.90 and a one year high of $17.39. The stock has a 50-day moving average of $16.73 and a 200-day moving average of $15.82. The company has a market cap of $7.213 billion and a P/E ratio of 15.63.
New York Community Bancorp, Inc is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.
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