FY2018 EPS Estimates for New York Community Bancorp, Inc. Raised by Wedbush (NYCB)
New York Community Bancorp, Inc. (NYSE:NYCB) – Equities researchers at Wedbush increased their FY2018 EPS estimates for New York Community Bancorp in a report issued on Thursday. Wedbush analyst P. Winter now expects that the financial services provider will post earnings of $0.95 per share for the year, up from their prior estimate of $0.82.
New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The company had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period last year, the firm earned $0.26 EPS.
New York Community Bancorp (NYCB) traded down $0.01 on Friday, reaching $13.15. 3,237,000 shares of the company traded hands, compared to its average volume of 3,745,867. The company has a market cap of $6,360.00, a P/E ratio of 15.11 and a beta of 0.59. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $16.19. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.41 and a current ratio of 1.41.
A number of large investors have recently made changes to their positions in NYCB. Chicago Partners Investment Group LLC bought a new position in shares of New York Community Bancorp in the third quarter worth approximately $103,000. Pacer Advisors Inc. lifted its stake in shares of New York Community Bancorp by 8.3% in the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after buying an additional 779 shares in the last quarter. BB&T Securities LLC bought a new position in shares of New York Community Bancorp in the second quarter worth approximately $135,000. Brown Advisory Inc. bought a new position in shares of New York Community Bancorp in the third quarter worth approximately $146,000. Finally, Sapphire Star Partners LP bought a new position in shares of New York Community Bancorp in the third quarter worth approximately $155,000. 58.44% 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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