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

New York Community Bancorp (NYSE:NYCBGet Rating) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 27th. Analysts expect New York Community Bancorp to post earnings of $0.32 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

New York Community Bancorp (NYSE:NYCBGet Rating) last posted its earnings results on Wednesday, January 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $338.00 million during the quarter, compared to analysts’ expectations of $338.07 million. New York Community Bancorp had a net margin of 34.08% and a return on equity of 9.62%. New York Community Bancorp’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, analysts expect New York Community Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE NYCB opened at $10.33 on Wednesday. The firm has a 50-day moving average of $10.98 and a 200-day moving average of $12.01. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $4.82 billion, a PE ratio of 8.68, a P/E/G ratio of 0.73 and a beta of 0.92. New York Community Bancorp has a 52-week low of $9.81 and a 52-week high of $14.33.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 17th. Stockholders of record on Monday, February 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Friday, February 4th. New York Community Bancorp’s dividend payout ratio is presently 57.14%.

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in New York Community Bancorp by 3.2% during the fourth quarter. Cetera Investment Advisers now owns 47,768 shares of the financial services provider’s stock worth $583,000 after buying an additional 1,500 shares during the last quarter. Amalgamated Bank boosted its position in New York Community Bancorp by 0.5% during the fourth quarter. Amalgamated Bank now owns 330,913 shares of the financial services provider’s stock worth $4,040,000 after purchasing an additional 1,718 shares during the period. MML Investors Services LLC boosted its position in New York Community Bancorp by 14.2% during the fourth quarter. MML Investors Services LLC now owns 20,205 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,516 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in New York Community Bancorp by 11.9% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 34,118 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 3,619 shares during the period. Finally, Comerica Bank lifted its holdings in shares of New York Community Bancorp by 1.3% in the fourth quarter. Comerica Bank now owns 329,313 shares of the financial services provider’s stock worth $4,014,000 after buying an additional 4,083 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Several analysts have weighed in on NYCB shares. B. Riley dropped their price objective on shares of New York Community Bancorp from $19.00 to $16.00 in a research note on Tuesday, April 12th. StockNews.com began coverage on shares of New York Community Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.12.

About New York Community Bancorp (Get Rating)

New York Community Bancorp, Inc operates as the 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 accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.

See Also

Earnings History for New York Community Bancorp (NYSE:NYCB)

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