Analysts forecast that New York Community Bancorp, Inc. (NYSE:NYCB) will report earnings of $0.19 per share for the current quarter, according to Zacks. Six analysts have issued estimates for New York Community Bancorp’s earnings, with estimates ranging from $0.18 to $0.21. New York Community Bancorp reported earnings of $0.17 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The company is expected to announce its next earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that New York Community Bancorp will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.80. For the next fiscal year, analysts expect that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.84. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $272.43 million for the quarter, compared to the consensus estimate of $285.05 million. New York Community Bancorp had a return on equity of 6.60% and a net margin of 26.41%. During the same quarter in the previous year, the business earned $0.21 EPS.
Several analysts have weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and set a $12.00 price target on shares of New York Community Bancorp in a research note on Tuesday, August 28th. ValuEngine upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. B. Riley set a $11.00 price target on New York Community Bancorp and gave the company a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research reiterated a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, November 14th. Finally, Piper Jaffray Companies upgraded New York Community Bancorp from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $9.00 in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.32.
New York Community Bancorp stock opened at $10.05 on Monday. 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 stock has a market cap of $5.05 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.30 and a beta of 0.67. New York Community Bancorp has a fifty-two week low of $8.88 and a fifty-two week high of $14.53.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.77%. New York Community Bancorp’s payout ratio is 83.95%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of New York Community Bancorp by 1.1% in the third quarter. Vanguard Group Inc. now owns 42,876,102 shares of the financial services provider’s stock worth $444,625,000 after buying an additional 455,299 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of New York Community Bancorp by 2.5% in the third quarter. Legal & General Group Plc now owns 2,672,889 shares of the financial services provider’s stock worth $27,718,000 after buying an additional 65,995 shares during the last quarter. Resources Management Corp CT ADV purchased a new stake in shares of New York Community Bancorp in the third quarter worth about $1,107,000. Glenmede Trust Co. NA acquired a new position in New York Community Bancorp in the 3rd quarter worth about $114,000. Finally, HRT Financial LLC acquired a new position in New York Community Bancorp in the 3rd quarter worth about $322,000. Hedge funds and other institutional investors own 67.83% of the company’s stock.
About New York Community Bancorp
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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