New York Community Bancorp (NYCB) Set to Announce Quarterly Earnings on Friday

New York Community Bancorp (NYSE:NYCB) is scheduled to issue its quarterly earnings data on Friday, April 26th.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data 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 return on equity of 6.22% and a net margin of 28.96%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. During the same quarter in the previous year, the firm 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 Trading Down 3.8 %

NYCB stock opened at $3.06 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. New York Community Bancorp has a 12-month low of $1.70 and a 12-month high of $14.22. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 0.92 and a beta of 0.91. The business’s 50-day moving average is $3.58 and its 200 day moving average is $7.37.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s payout ratio is 6.01%.

Insider Buying and Selling at New York Community Bancorp

In related news, CEO Thomas R. Cangemi acquired 11,310 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $4.41 per share, with a total value of $49,877.10. Following the completion of the transaction, the chief executive officer now owns 69,704 shares of the company’s stock, valued at $307,394.64. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other New York Community Bancorp news, Director Marshall Lux bought 27,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $3.69 per share, with a total value of $99,999.00. Following the completion of the acquisition, the director now directly owns 64,872 shares of the company’s stock, valued at approximately $239,377.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas R. Cangemi bought 11,310 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $4.41 per share, for a total transaction of $49,877.10. Following the acquisition, the chief executive officer now directly owns 69,704 shares of the company’s stock, valued at $307,394.64. The disclosure for this purchase can be found here. Insiders have bought a total of 213,410 shares of company stock valued at $875,626 over the last quarter. 1.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush lowered their price objective on New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. cut New York Community Bancorp from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $11.50 to $5.50 in a report on Wednesday, February 7th. Morgan Stanley decreased their price objective on New York Community Bancorp from $6.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada decreased their price objective on New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Finally, DA Davidson cut New York Community Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.50 to $5.00 in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, New York Community Bancorp presently has an average rating of “Hold” and a consensus target price of $5.43.

About New York Community Bancorp

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.