FY2018 Earnings Forecast for New York Community Bancorp, Inc. (NYCB) Issued By B. Riley

New York Community Bancorp, Inc. (NYSE:NYCB) – Equities researchers at B. Riley lifted their FY2018 EPS estimates for New York Community Bancorp in a note issued to investors on Monday. B. Riley analyst S. Moss now expects that the financial services provider will post earnings per share of $0.84 for the year, up from their previous forecast of $0.80. B. Riley has a “Neutral” rating and a $13.00 price objective on the stock.

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

Several other equities research analysts have also issued reports on NYCB. Piper Jaffray Companies reiterated a “sell” rating and set a $11.00 price target on shares of New York Community Bancorp in a report on Tuesday, October 24th. FBR & Co reiterated a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, October 25th. BidaskClub lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. 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 stock. The stock has an average rating of “Hold” and an average target price of $13.22.

Shares of New York Community Bancorp (NYSE:NYCB) traded up $0.14 during trading on Wednesday, hitting $13.68. The stock had a trading volume of 723,840 shares, compared to its average volume of 4,721,144. The firm has a market cap of $6,565.31, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. New York Community Bancorp has a fifty-two week low of $11.67 and a fifty-two week high of $15.59.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its holdings in New York Community Bancorp by 9.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 71,571 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 6,100 shares during the last quarter. BlueCrest Capital Management Ltd lifted its holdings in New York Community Bancorp by 78.1% in the 4th quarter. BlueCrest Capital Management Ltd now owns 131,839 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 57,812 shares during the last quarter. Profund Advisors LLC lifted its holdings in New York Community Bancorp by 22.7% in the 4th quarter. Profund Advisors LLC now owns 72,823 shares of the financial services provider’s stock worth $948,000 after purchasing an additional 13,484 shares during the last quarter. Koch Industries Inc. lifted its holdings in New York Community Bancorp by 471.9% in the 4th quarter. Koch Industries Inc. now owns 66,997 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 55,283 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in New York Community Bancorp in the 4th quarter worth approximately $9,636,000. Hedge funds and other institutional investors own 59.13% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 4.97%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 75.56%.

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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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