Zacks: Analysts Expect New York Community Bancorp, Inc. (NYCB) Will Announce Earnings of $0.17 Per Share

Equities analysts expect that New York Community Bancorp, Inc. (NYSE:NYCB) will post earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for New York Community Bancorp’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.18. New York Community Bancorp reported earnings of $0.23 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.1%. The firm is expected to report its next earnings results on Wednesday, January 24th.

On average, analysts expect that New York Community Bancorp will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.75. For the next financial year, analysts expect that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.68 to $0.83. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. New York Community Bancorp had a return on equity of 7.17% and a net margin of 24.22%. The business had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. During the same period in the prior year, the business earned $0.26 EPS.

Several equities research analysts have weighed in on NYCB shares. Barclays lowered their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research upgraded New York Community Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. Finally, Piper Jaffray Companies reiterated a “sell” rating and issued a $11.00 target price on shares of New York Community Bancorp in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.45.

Shares of New York Community Bancorp (NYCB) traded up $0.04 during mid-day trading on Tuesday, hitting $13.23. The company’s stock had a trading volume of 3,249,508 shares, compared to its average volume of 4,047,014. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $17.68. The stock has a market cap of $6,528.88, a PE ratio of 15.35 and a beta of 0.59. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.98.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, November 6th. New York Community Bancorp’s payout ratio is 78.16%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new position in shares of New York Community Bancorp in the 3rd quarter worth $103,000. Pacer Advisors Inc. raised its position in shares of New York Community Bancorp by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 779 shares in the last quarter. Sigma Planning Corp bought a new position in shares of New York Community Bancorp in the 2nd quarter worth $135,000. BB&T Securities LLC bought a new position in shares of New York Community Bancorp in the 2nd quarter worth $135,000. Finally, Brown Advisory Inc. bought a new position in shares of New York Community Bancorp in the 3rd quarter worth $146,000. 58.50% of the stock is owned by hedge funds and other institutional investors.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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