New York Community Bancorp, Inc. (NYSE:NYCB) – Analysts at B. Riley raised their FY2018 earnings per share estimates for shares of New York Community Bancorp in a report issued on Monday, Zacks Investment Research reports. B. Riley analyst S. Moss now expects that the financial services provider will post earnings of $0.84 per share for the year, up from their prior forecast of $0.80. B. Riley has a “Neutral” rating and a $13.00 price objective on the stock.
NYCB has been the subject of a number of other reports. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays raised their price objective on shares of New York Community Bancorp from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada started coverage on shares of New York Community Bancorp in a research note on Thursday, December 21st. They set a “sector perform” rating and a $13.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. New York Community Bancorp has an average rating of “Hold” and a consensus target price of $13.34.
New York Community Bancorp (NYCB) traded down $0.01 during midday trading on Wednesday, hitting $14.11. 923,049 shares of the company were exchanged, compared to its average volume of 4,714,838. The firm has a market capitalization of $6,882.83, a price-to-earnings ratio of 15.64, a PEG ratio of 1.65 and a beta of 0.65. New York Community Bancorp has a fifty-two week low of $11.67 and a fifty-two week 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.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 EPS for the quarter, meeting the Zacks’ 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 business had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million.
The company 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 is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 4.82%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 75.56%.
A number of institutional investors and hedge funds have recently made changes to their positions in NYCB. Chicago Partners Investment Group LLC bought a new position in New York Community Bancorp in the 3rd quarter worth $103,000. Robeco Institutional Asset Management B.V. bought a new position in New York Community Bancorp in the 4th quarter worth $113,000. Brown Advisory Inc. bought a new position in New York Community Bancorp in the 3rd quarter worth $146,000. Sapphire Star Partners LP bought a new position in New York Community Bancorp in the 3rd quarter worth $155,000. Finally, Forward Management LLC bought a new position in New York Community Bancorp in the 4th quarter worth $165,000. Hedge funds and other institutional investors own 59.01% 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.
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