Q4 2018 EPS Estimates for New York Community Bancorp, Inc. (NYCB) Lowered by B. Riley

New York Community Bancorp, Inc. (NYSE:NYCB) – B. Riley dropped their Q4 2018 earnings per share (EPS) estimates for shares of New York Community Bancorp in a research report issued to clients and investors on Friday, October 26th. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.21. B. Riley currently has a “Hold” rating and a $11.00 target price on the stock. B. Riley also issued estimates for New York Community Bancorp’s Q1 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.19 EPS, FY2019 earnings at $0.77 EPS and Q1 2020 earnings at $0.19 EPS.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. The firm had revenue of $272.43 million during the quarter, compared to the consensus estimate of $285.05 million. During the same quarter in the prior year, the firm earned $0.21 EPS.



Several other analysts also recently commented on the stock. Piper Jaffray Companies upgraded shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Friday. ValuEngine upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $12.00 price target on shares of New York Community Bancorp in a research report on Tuesday, August 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research report on Thursday, July 26th. Finally, Sandler O’Neill set a $14.00 price target on shares of New York Community Bancorp and gave the company a “buy” rating in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.32.

NYCB stock opened at $9.28 on Monday. New York Community Bancorp has a 12 month low of $8.88 and a 12 month high of $14.53. The firm has a market capitalization of $4.55 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.65. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 2.20.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in New York Community Bancorp by 14.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,343,156 shares of the financial services provider’s stock worth $103,152,000 after buying an additional 1,191,952 shares during the last quarter. Mondrian Investment Partners LTD raised its position in New York Community Bancorp by 0.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 5,483,324 shares of the financial services provider’s stock worth $60,536,000 after buying an additional 19,103 shares during the last quarter. Russell Investments Group Ltd. raised its position in New York Community Bancorp by 34.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,547,106 shares of the financial services provider’s stock worth $36,434,000 after buying an additional 899,482 shares during the last quarter. Bessemer Group Inc. raised its position in New York Community Bancorp by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 3,421,767 shares of the financial services provider’s stock worth $37,776,000 after buying an additional 9,899 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in New York Community Bancorp by 37.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,335,688 shares of the financial services provider’s stock worth $36,827,000 after buying an additional 908,997 shares during the last quarter. Institutional investors own 64.93% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.68 dividend on an annualized basis and a yield of 7.33%. New York Community Bancorp’s payout ratio is currently 83.95%.

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

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