Equities Analysts Set Expectations for New York Community Bancorp, Inc.’s Q3 2022 Earnings (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) – Analysts at Wedbush reduced their Q3 2022 earnings per share estimates for New York Community Bancorp in a report released on Thursday, April 28th. Wedbush analyst P. Winter now anticipates that the financial services provider will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.36. Wedbush also issued estimates for New York Community Bancorp’s Q4 2022 earnings at $0.35 EPS, FY2022 earnings at $1.35 EPS, Q1 2023 earnings at $0.34 EPS, Q2 2023 earnings at $0.37 EPS and FY2023 earnings at $1.54 EPS.

New York Community Bancorp (NYSE:NYCBGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. New York Community Bancorp had a return on equity of 9.62% and a net margin of 34.08%. The business had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $347.81 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. B. Riley cut their target price on New York Community Bancorp from $19.00 to $16.00 in a research note on Tuesday, April 12th. StockNews.com initiated coverage on New York Community Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

NYSE:NYCB opened at $9.59 on Friday. New York Community Bancorp has a 1-year low of $9.50 and a 1-year high of $14.33. The business’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $11.86. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.75 and a beta of 0.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of New York Community Bancorp by 6.8% during the fourth quarter. IFP Advisors Inc now owns 15,707 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,000 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of New York Community Bancorp by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 119,600 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 1,000 shares in the last quarter. Huntington National Bank grew its holdings in shares of New York Community Bancorp by 33.4% during the fourth quarter. Huntington National Bank now owns 4,001 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,001 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of New York Community Bancorp by 10.2% during the third quarter. Inspire Advisors LLC now owns 11,889 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,102 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of New York Community Bancorp by 5.2% during the first quarter. Wedbush Securities Inc. now owns 23,131 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,133 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, May 9th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Friday, May 6th. New York Community Bancorp’s dividend payout ratio is currently 57.14%.

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.

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

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