B. Riley Analysts Decrease Earnings Estimates for New York Community Bancorp, Inc. (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Investment analysts at B. Riley reduced their FY2021 earnings per share (EPS) estimates for shares of New York Community Bancorp in a note issued to investors on Wednesday, January 12th. B. Riley analyst S. Moss now expects that the financial services provider will post earnings of $1.22 per share for the year, down from their previous forecast of $1.23. B. Riley also issued estimates for New York Community Bancorp’s Q4 2021 earnings at $0.31 EPS, Q2 2022 earnings at $0.33 EPS and FY2022 earnings at $1.34 EPS.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Tuesday, October 26th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The business had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $346.15 million. New York Community Bancorp had a net margin of 36.25% and a return on equity of 9.38%. New York Community Bancorp’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS.

Separately, Zacks Investment Research downgraded New York Community Bancorp from a “buy” rating to a “hold” rating and set a $14.50 price objective for the company. in a research report on Monday, October 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.44.

Shares of NYSE:NYCB opened at $13.26 on Thursday. The company has a market cap of $6.17 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.03 and a beta of 0.97. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.39. New York Community Bancorp has a 52 week low of $10.28 and a 52 week high of $14.33. The business has a fifty day simple moving average of $12.39 and a 200-day simple moving average of $12.39.

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in New York Community Bancorp during the second quarter valued at about $26,000. Jacobi Capital Management LLC boosted its position in shares of New York Community Bancorp by 161.6% in the third quarter. Jacobi Capital Management LLC now owns 2,354 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,454 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its position in shares of New York Community Bancorp by 76.5% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 3,000 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,300 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of New York Community Bancorp in the fourth quarter worth about $50,000. Finally, Meeder Asset Management Inc. boosted its position in shares of New York Community Bancorp by 114.5% in the third quarter. Meeder Asset Management Inc. now owns 4,456 shares of the financial services provider’s stock worth $57,000 after buying an additional 2,379 shares during the period. 62.32% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 16th. Shareholders of record on Saturday, November 6th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Thursday, November 4th. New York Community Bancorp’s dividend payout ratio (DPR) is presently 53.13%.

About New York Community Bancorp

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

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