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 posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a return on equity of 6.22%. During the same period last year, the company earned $0.25 EPS. 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 Performance

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

New York Community Bancorp Cuts Dividend

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

Insider Transactions at New York Community Bancorp

In other New York Community Bancorp news, EVP Lee Matthew Smith acquired 25,000 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.05 per share, for a total transaction of $101,250.00. Following the purchase, the executive vice president now directly owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other New York Community Bancorp news, EVP Lee Matthew Smith acquired 25,000 shares of New York Community Bancorp stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $4.05 per share, for a total transaction of $101,250.00. Following the purchase, the executive vice president now directly owns 1,440,683 shares in the company, valued at approximately $5,834,766.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $3.69 per share, with a total value of $99,999.00. Following the completion of the purchase, the director now owns 64,872 shares in the company, valued at $239,377.68. The disclosure for this purchase can be found here. Insiders acquired a total of 213,410 shares of company stock worth $875,626 in the last three months. Insiders own 1.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NYCB. DA Davidson cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.50 to $5.00 in a research report on Thursday, February 8th. Royal Bank of Canada lowered their price objective on shares of New York Community Bancorp from $5.00 to $4.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. Wedbush lowered their price objective on shares of New York Community Bancorp from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. Compass Point cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. Finally, Bank of America cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.50 to $5.00 in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.