Equities analysts expect New York Community Bancorp, Inc. (NYSE:NYCB) to post earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for New York Community Bancorp’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. New York Community Bancorp posted earnings of $0.17 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that New York Community Bancorp will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.80. For the next financial year, analysts anticipate that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $272.43 million for the quarter, compared to the consensus estimate of $285.05 million. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. During the same quarter last year, the firm posted $0.21 EPS.
Several brokerages recently commented on NYCB. Credit Suisse Group reiterated a “neutral” rating and issued a $12.00 target price on shares of New York Community Bancorp in a report on Tuesday, August 28th. ValuEngine upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. B. Riley set a $11.00 target price on shares of New York Community Bancorp and gave the stock a “hold” rating in a report on Monday, October 15th. Zacks Investment Research reiterated a “sell” rating on shares of New York Community Bancorp in a report on Wednesday, November 14th. Finally, Piper Jaffray Companies upgraded shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.32.
Shares of NYCB opened at $10.05 on Monday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 12.41, a PEG ratio of 1.30 and a beta of 0.67. New York Community Bancorp has a one year low of $8.88 and a one year high of $14.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.20.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.68 annualized dividend and a yield of 6.77%. New York Community Bancorp’s dividend payout ratio is 83.95%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments LLC acquired a new stake in New York Community Bancorp in the 3rd quarter worth $105,000. Truvestments Capital LLC acquired a new stake in New York Community Bancorp in the 2nd quarter worth $114,000. Sanders Morris Harris LLC acquired a new stake in New York Community Bancorp in the 3rd quarter worth $114,000. Lido Advisors LLC acquired a new stake in New York Community Bancorp in the 3rd quarter worth $114,000. Finally, Glenmede Trust Co. NA acquired a new stake in New York Community Bancorp in the 3rd quarter worth $114,000. Institutional investors own 67.83% of the company’s stock.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.
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