Equities research analysts expect that New York Community Bancorp, Inc. (NYSE:NYCB) will post earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for New York Community Bancorp’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. New York Community Bancorp reported earnings per share of $0.20 in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that New York Community Bancorp will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.83. For the next year, analysts anticipate that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.75 to $0.98. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. New York Community Bancorp had a return on equity of 6.65% and a net margin of 22.65%. The firm had revenue of $266.11 million for the quarter, compared to analyst estimates of $268.24 million. During the same period in the previous year, the company earned $0.20 earnings per share. New York Community Bancorp’s revenue was down 9.2% compared to the same quarter last year.
NYCB has been the subject of several research reports. Royal Bank of Canada reiterated a “hold” rating and set a $0.35 price target on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. B. Riley set a $75.00 price objective on Comerica and gave the company a “hold” rating in a research note on Thursday, July 11th. TheStreet raised SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a research report on Thursday, June 13th. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group boosted their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.06.
NYSE NYCB traded up $0.14 during trading on Friday, reaching $10.83. 172,294 shares of the company’s stock were exchanged, compared to its average volume of 3,628,373. New York Community Bancorp has a fifty-two week low of $8.61 and a fifty-two week high of $12.72. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.41 and a beta of 0.98. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.16. The stock has a fifty day moving average price of $10.12.
In other news, Director Hanif Dahya bought 1,640 shares of the stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of $26.31 per share, for a total transaction of $43,148.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.31% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of New York Community Bancorp by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,340,979 shares of the financial services provider’s stock worth $97,303,000 after purchasing an additional 292,953 shares during the period. Geode Capital Management LLC lifted its holdings in New York Community Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 5,174,238 shares of the financial services provider’s stock worth $48,816,000 after buying an additional 382,396 shares during the period. Mackay Shields LLC lifted its holdings in New York Community Bancorp by 145.1% during the 4th quarter. Mackay Shields LLC now owns 116,774 shares of the financial services provider’s stock worth $1,099,000 after buying an additional 69,135 shares during the period. Two Sigma Investments LP acquired a new position in New York Community Bancorp during the 4th quarter worth about $671,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of New York Community Bancorp in the 4th quarter valued at about $1,109,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
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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