New York Community Bancorp (NYCB) to Release Earnings on Friday

New York Community Bancorp (NYSE:NYCB) will be releasing its earnings data on Friday, April 26th.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.56). New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $935.90 million. During the same quarter last year, the business posted $0.25 earnings per share. On average, analysts expect New York Community Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

New York Community Bancorp Stock Down 3.8 %

Shares of NYCB stock opened at $3.06 on Thursday. New York Community Bancorp has a 1 year low of $1.70 and a 1 year high of $14.22. The stock has a market cap of $2.44 billion, a PE ratio of 0.92 and a beta of 0.91. The business’s fifty day moving average is $3.58 and its 200-day moving average is $7.37. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.17 and a current ratio of 1.18.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 6.01%.

Analyst Ratings Changes

NYCB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $7.00 in a research report on Friday, February 2nd. UBS Group cut New York Community Bancorp from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. TheStreet cut New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. Citigroup decreased their target price on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 7th. Finally, DA Davidson cut New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.50 to $5.00 in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, New York Community Bancorp has an average rating of “Hold” and a consensus target price of $5.43.

Insider Activity

In other New York Community Bancorp news, Director Peter Schoels purchased 100,000 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the completion of the acquisition, the director now owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Alessandro Dinello acquired 50,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $4.19 per share, with a total value of $209,500.00. Following the completion of the transaction, the chairman now owns 114,305 shares in the company, valued at $478,937.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter Schoels acquired 100,000 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $4.15 per share, with a total value of $415,000.00. Following the transaction, the director now owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 213,410 shares of company stock worth $875,626. 1.62% of the stock is owned by corporate insiders.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.