Brokerages Anticipate New York Community Bancorp, Inc. (NYCB) Will Post Earnings of $0.19 Per Share

Analysts forecast that New York Community Bancorp, Inc. (NYSE:NYCB) will announce earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for New York Community Bancorp’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. New York Community Bancorp posted earnings of $0.20 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5%. The business is expected to report its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that New York Community Bancorp will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.76 to $0.81. For the next financial year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.82 to $0.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $266.11 million for the quarter, compared to the consensus estimate of $268.24 million. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. New York Community Bancorp’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share.

NYCB has been the topic of several analyst reports. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, February 4th. Morgan Stanley downgraded New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 target price on the stock. in a research report on Monday, March 11th. UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $15.00 in a research report on Wednesday, February 6th. Finally, B. Riley reiterated a “neutral” rating on shares of New York Community Bancorp in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. New York Community Bancorp currently has a consensus rating of “Hold” and a consensus price target of $12.06.

In other New York Community Bancorp news, Director Dominick Ciampa purchased 34,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average cost of $11.61 per share, with a total value of $394,740.00. Following the completion of the acquisition, the director now directly owns 7,508 shares in the company, valued at $87,167.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.31% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new stake in shares of New York Community Bancorp in the first quarter worth about $125,000. First Mercantile Trust Co. increased its holdings in shares of New York Community Bancorp by 129.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,750 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of New York Community Bancorp in the first quarter worth about $40,000. Advisory Services Network LLC increased its holdings in shares of New York Community Bancorp by 20.1% in the fourth quarter. Advisory Services Network LLC now owns 5,960 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 999 shares during the last quarter. Finally, JOYN Advisors Inc. increased its holdings in shares of New York Community Bancorp by 140.2% in the fourth quarter. JOYN Advisors Inc. now owns 6,054 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 3,534 shares during the last quarter. 66.13% of the stock is currently owned by institutional investors and hedge funds.

NYSE NYCB traded down $0.08 on Monday, hitting $10.47. 4,297,573 shares of the company traded hands, compared to its average volume of 4,874,799. The company has a market capitalization of $4.93 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.97. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.35 and a current ratio of 1.31. New York Community Bancorp has a 52-week low of $8.61 and a 52-week high of $12.72.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.68 dividend on an annualized basis and a yield of 6.49%. New York Community Bancorp’s dividend payout ratio is presently 86.08%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

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Earnings History and Estimates for New York Community Bancorp (NYSE:NYCB)

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