Q1 2018 Earnings Estimate for New York Community Bancorp, Inc. Issued By B. Riley (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Investment analysts at B. Riley lifted their Q1 2018 EPS estimates for New York Community Bancorp in a research note issued on Thursday. B. Riley analyst S. Moss now expects that the financial services provider will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. B. Riley also issued estimates for New York Community Bancorp’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.80 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.84 EPS.

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

Other analysts have also issued research reports about the company. TheStreet raised New York Community Bancorp from a “c” rating to a “b-” rating in a report on Friday, December 15th. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Bank of America raised New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday. Finally, Barclays lowered their target price on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.11.

Shares of New York Community Bancorp (NYSE:NYCB) opened at $13.64 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $6,739.17, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. New York Community Bancorp has a twelve month low of $11.67 and a twelve month high of $16.18.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of New York Community Bancorp by 2.3% during the second quarter. Vanguard Group Inc. now owns 40,770,549 shares of the financial services provider’s stock valued at $535,317,000 after acquiring an additional 910,170 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of New York Community Bancorp by 33.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock valued at $358,742,000 after acquiring an additional 7,036,258 shares during the last quarter. State Street Corp boosted its stake in shares of New York Community Bancorp by 1.8% during the second quarter. State Street Corp now owns 21,898,657 shares of the financial services provider’s stock valued at $287,534,000 after acquiring an additional 376,921 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its stake in shares of New York Community Bancorp by 8.6% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock valued at $146,946,000 after acquiring an additional 900,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of New York Community Bancorp by 6.7% during the second quarter. Renaissance Technologies LLC now owns 10,289,400 shares of the financial services provider’s stock valued at $135,100,000 after acquiring an additional 642,723 shares during the last quarter. 58.44% of the stock is currently owned by institutional investors and hedge funds.

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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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