$0.20 EPS Expected for New York Community Bank (NYCB) This Quarter

Wall Street analysts expect New York Community Bank (NYSE:NYCB) to report $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for New York Community Bank’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.21. New York Community Bank reported earnings of $0.21 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, April 25th.

On average, analysts expect that New York Community Bank will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.93. For the next financial year, analysts anticipate that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.76 to $1.04. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow New York Community Bank.

New York Community Bank (NYSE:NYCB) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. New York Community Bank had a return on equity of 6.81% and a net margin of 25.91%.



A number of research firms have recently weighed in on NYCB. Zacks Investment Research raised New York Community Bank from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, February 22nd. UBS began coverage on New York Community Bank in a research report on Wednesday, March 21st. They set a “sell” rating and a $12.00 price objective on the stock. Morgan Stanley upped their price objective on New York Community Bank from $14.00 to $14.75 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. ValuEngine lowered New York Community Bank from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, TheStreet lowered New York Community Bank from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.48.

Shares of NYSE NYCB opened at $12.86 on Tuesday. New York Community Bank has a 52-week low of $11.67 and a 52-week high of $14.53. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $6,230.62, a price-to-earnings ratio of 15.88, a PEG ratio of 1.48 and a beta of 0.65.

Several hedge funds have recently modified their holdings of the stock. Comerica Bank grew its stake in shares of New York Community Bank by 1.0% during the fourth quarter. Comerica Bank now owns 431,082 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 4,154 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of New York Community Bank by 3.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 146,687 shares of the financial services provider’s stock worth $1,891,000 after purchasing an additional 4,271 shares in the last quarter. Grimes & Company Inc. grew its stake in shares of New York Community Bank by 29.2% during the fourth quarter. Grimes & Company Inc. now owns 22,536 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 5,094 shares in the last quarter. Amalgamated Bank grew its stake in shares of New York Community Bank by 6.0% during the fourth quarter. Amalgamated Bank now owns 96,291 shares of the financial services provider’s stock worth $1,254,000 after purchasing an additional 5,462 shares in the last quarter. Finally, Sapphire Star Partners LP grew its stake in shares of New York Community Bank by 49.4% during the fourth quarter. Sapphire Star Partners LP now owns 18,000 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 5,955 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

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

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