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

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Wall Street brokerages forecast that New York Community Bancorp, Inc. (NYSE:NYCB) will report earnings per share of $0.19 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for New York Community Bancorp’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. New York Community Bancorp posted earnings per share of $0.20 in the same quarter last year, which would indicate a negative year over year growth rate of 5%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that New York Community Bancorp will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.85. For the next financial year, analysts forecast that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.82 to $0.94. Zacks’ EPS calculations are an average based on a survey of research firms that follow New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $270.31 million for the quarter, compared to the consensus estimate of $270.24 million. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. During the same quarter last year, the business posted $0.26 earnings per share.

Several research analysts have recently commented on the company. B. Riley reiterated a “neutral” rating on shares of New York Community Bancorp in a report on Wednesday, April 10th. Jefferies Financial Group assumed coverage on New York Community Bancorp in a report on Monday, April 8th. They issued a “hold” rating and a $12.00 price objective on the stock. Zacks Investment Research downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Morgan Stanley downgraded New York Community Bancorp from an “equal weight” rating to an “underweight” rating and set a $11.50 price objective on the stock. in a report on Monday, March 11th. Finally, UBS Group upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $15.00 in a report on Wednesday, February 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.95.

Shares of NYCB traded down $0.03 during trading hours on Friday, hitting $11.38. The company had a trading volume of 3,834,291 shares, compared to its average volume of 5,693,209. The company has a market cap of $5.32 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.47 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 2.31. New York Community Bancorp has a 52-week low of $8.61 and a 52-week high of $13.07.

In other New York Community Bancorp news, Director Dominick Ciampa purchased 34,000 shares of New York Community Bancorp stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average price of $11.61 per share, for a total transaction of $394,740.00. Following the acquisition, the director now directly owns 7,508 shares in the company, valued at $87,167.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.17% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in New York Community Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 42,876,102 shares of the financial services provider’s stock valued at $444,625,000 after acquiring an additional 455,299 shares in the last quarter. Vanguard Group Inc. boosted its position in New York Community Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 42,876,102 shares of the financial services provider’s stock valued at $444,625,000 after acquiring an additional 455,299 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in New York Community Bancorp by 7.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 41,199,922 shares of the financial services provider’s stock valued at $387,691,000 after acquiring an additional 2,960,395 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in New York Community Bancorp by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,340,979 shares of the financial services provider’s stock valued at $97,303,000 after acquiring an additional 292,953 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in New York Community Bancorp by 11.5% during the 4th quarter. Mondrian Investment Partners LTD now owns 6,688,679 shares of the financial services provider’s stock valued at $62,940,000 after acquiring an additional 691,105 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors and hedge funds.

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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