B. Riley Weighs in on New York Community Bancorp, Inc.’s Q1 2018 Earnings (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Research analysts at B. Riley increased their Q1 2018 EPS estimates for shares of New York Community Bancorp in a research note issued on Monday. B. Riley analyst S. Moss now expects that the financial services provider will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.19. B. Riley currently has a “Neutral” rating and a $13.00 target price on the stock. B. Riley also issued estimates for New York Community Bancorp’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.87 EPS.

NYCB has been the subject of several other research reports. ValuEngine cut New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, February 7th. Morgan Stanley raised their price target on New York Community Bancorp from $14.00 to $14.75 and gave the company an “equal weight” rating in a report on Thursday, February 1st. TheStreet cut New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of New York Community Bancorp in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. New York Community Bancorp presently has an average rating of “Hold” and a consensus target price of $13.22.

Shares of New York Community Bancorp (NYCB) opened at $13.44 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.40 and a current ratio of 1.40. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $15.59. The stock has a market capitalization of $6,638.58, a PE ratio of 16.78, a P/E/G ratio of 1.60 and a beta of 0.65.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%. The firm had revenue of $296.32 million during the quarter, compared to analysts’ expectations of $300.29 million.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, February 12th. New York Community Bancorp’s dividend payout ratio is presently 75.56%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in shares of New York Community Bancorp by 141.2% in the 2nd quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock valued at $2,208,000 after purchasing an additional 98,442 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of New York Community Bancorp by 6.6% in the 2nd quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 1,794 shares during the last quarter. State Street Corp lifted its stake in shares of New York Community Bancorp by 1.8% in the 2nd quarter. State Street Corp now owns 21,898,657 shares of the financial services provider’s stock valued at $287,534,000 after purchasing an additional 376,921 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of New York Community Bancorp by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 724,416 shares of the financial services provider’s stock valued at $9,511,000 after purchasing an additional 13,201 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of New York Community Bancorp in the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 59.13% of the company’s stock.

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About New York Community Bancorp

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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