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 raised their FY2018 earnings estimates for New York Community Bancorp in a report released 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.

A number of other research analysts have also recently weighed in on NYCB. ValuEngine cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Morgan Stanley lifted their price objective on shares of 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 shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price objective 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 given a buy rating to the company’s stock. New York Community Bancorp presently has a consensus rating of “Hold” and an average price target of $13.22.

New York Community Bancorp (NYSE:NYCB) traded up $0.08 on Wednesday, reaching $13.93. 1,148,496 shares of the company’s stock were exchanged, compared to its average volume of 4,774,874. New York Community Bancorp has a one year low of $11.67 and a one year high of $15.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $6,790.00, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.58 and a beta of 0.65.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a $0.17 dividend. The ex-dividend date is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.88%. New York Community Bancorp’s dividend payout ratio (DPR) is 75.56%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of New York Community Bancorp in the third quarter worth approximately $103,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of New York Community Bancorp in the fourth quarter worth approximately $113,000. Brown Advisory Inc. acquired a new stake in shares of New York Community Bancorp in the third quarter worth approximately $146,000. Sapphire Star Partners LP acquired a new stake in shares of New York Community Bancorp in the third quarter worth approximately $155,000. Finally, Forward Management LLC acquired a new stake in shares of New York Community Bancorp in the fourth quarter worth approximately $165,000. Institutional investors and hedge funds own 59.13% of the company’s stock.

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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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