New York Community Bancorp, Inc. (NYSE:NYCB) Expected to Post Earnings of $0.19 Per Share

Equities analysts expect New York Community Bancorp, Inc. (NYSE:NYCB) to post earnings per share of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided 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 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that New York Community Bancorp will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.81. For the next year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.82 to $0.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $266.11 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share.



Several brokerages recently commented on NYCB. B. Riley reissued a “neutral” rating on shares of New York Community Bancorp in a research report on Wednesday, April 10th. Zacks Investment Research raised New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, February 14th. Morgan Stanley cut New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price target for the company. in a research report on Monday, March 11th. Finally, Jefferies Financial Group began coverage on New York Community Bancorp in a research report on Monday, April 8th. They set a “hold” rating and a $12.00 price target for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.06.

Shares of NYCB stock traded down $0.63 on Wednesday, hitting $9.75. 14,980,976 shares of the stock were exchanged, compared to its average volume of 5,542,299. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $4.77 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.28 and a beta of 1.03. New York Community Bancorp has a fifty-two week low of $8.61 and a fifty-two week high of $12.72.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a dividend of $0.17 per share. The ex-dividend date was Monday, May 13th. This represents a $0.68 annualized dividend and a yield of 6.97%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 86.08%.

In other New York Community Bancorp news, Director Dominick Ciampa acquired 34,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were purchased at an average price of $11.61 per share, for a total transaction of $394,740.00. Following the completion of the purchase, the director now directly owns 7,508 shares of the company’s stock, valued at $87,167.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hanif Dahya acquired 1,640 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of $26.31 per share, for a total transaction of $43,148.40. The disclosure for this purchase can be found here. 3.31% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC bought a new position in shares of New York Community Bancorp during the first quarter worth approximately $125,000. First Mercantile Trust Co. increased its stake in shares of New York Community Bancorp by 129.6% during 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 period. Rockefeller Capital Management L.P. bought a new position in shares of New York Community Bancorp during the first quarter worth approximately $40,000. Advisory Services Network LLC increased its stake in shares of New York Community Bancorp by 20.1% during 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 period. Finally, JOYN Advisors Inc. increased its stake in shares of New York Community Bancorp by 140.2% during 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 period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

New York Community Bancorp Company Profile

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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