New York Community Bancorp, Inc. (NYSE:NYCB) – Equities researchers at B. Riley lifted their FY2017 earnings per share estimates for shares of New York Community Bancorp in a report issued on Thursday. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.73 per share for the year, up from their prior estimate of $0.68.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Barclays dropped their price target on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies reissued a “sell” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada initiated coverage on New York Community Bancorp in a research note on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and an average target price of $13.11.

New York Community Bancorp (NYCB) opened at $13.64 on Monday. New York Community Bancorp has a 12 month low of $11.67 and a 12 month high of $16.18. 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 stock has a market capitalization of $6,670.00, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $385.27 million for the quarter, compared to analyst estimates of $313.64 million. During the same period in the previous year, the firm earned $0.26 earnings per share.

Several large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of New York Community Bancorp by 8.3% during the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 779 shares during the period. Commonwealth Bank of Australia raised its position in shares of New York Community Bancorp by 1.5% during the second quarter. Commonwealth Bank of Australia now owns 65,949 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 1,000 shares during the period. First Allied Advisory Services Inc. raised its position in shares of New York Community Bancorp by 1.9% during the second quarter. First Allied Advisory Services Inc. now owns 71,169 shares of the financial services provider’s stock worth $950,000 after purchasing an additional 1,294 shares during the period. Gotham Asset Management LLC raised its position in shares of New York Community Bancorp by 6.6% during the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 1,794 shares during the period. Finally, MML Investors Services LLC raised its position in shares of New York Community Bancorp by 24.8% during the second quarter. MML Investors Services LLC now owns 12,809 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 2,548 shares during the period. 58.44% of the stock is currently owned by 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.

Earnings History and Estimates for New York Community Bancorp (NYSE:NYCB)

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