Brokerages Anticipate New York Community Bancorp, Inc. (NYSE:NYCB) Will Post Earnings of $0.33 Per Share

Equities research analysts predict that New York Community Bancorp, Inc. (NYSE:NYCBGet Rating) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for New York Community Bancorp’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. New York Community Bancorp also reported earnings per share of $0.33 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that New York Community Bancorp will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.38. For the next financial year, analysts forecast that the business will post earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for New York Community Bancorp.

New York Community Bancorp (NYSE:NYCBGet Rating) last issued its earnings results on Wednesday, April 27th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. New York Community Bancorp had a return on equity of 9.80% and a net margin of 34.51%. 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 prior year, the firm posted $0.29 EPS. New York Community Bancorp’s quarterly revenue was up 4.2% compared to the same quarter last year.

NYCB has been the subject of a number of recent research reports. B. Riley dropped their target price on New York Community Bancorp from $19.00 to $16.00 in a report on Tuesday, April 12th. StockNews.com assumed coverage on New York Community Bancorp in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of NYCB traded down $0.16 during mid-day trading on Monday, reaching $9.43. The company had a trading volume of 1,235,136 shares, compared to its average volume of 7,687,718. New York Community Bancorp has a twelve month low of $9.21 and a twelve month high of $14.33. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.30 and a quick ratio of 1.36. The company’s 50-day moving average is $10.71 and its 200-day moving average is $11.80. The company has a market capitalization of $4.40 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.68 and a beta of 0.92.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Monday, May 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.68 dividend on an annualized basis and a yield of 7.21%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 56.20%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rinkey Investments bought a new position in New York Community Bancorp in the 4th quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC boosted its position in New York Community Bancorp by 120.4% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 2,204 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,204 shares during the last quarter. Column Capital Advisors LLC bought a new position in New York Community Bancorp in the 4th quarter valued at $28,000. CWM LLC bought a new position in New York Community Bancorp in the 4th quarter valued at $29,000. Finally, Jacobi Capital Management LLC boosted its position in New York Community Bancorp by 161.6% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,354 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,454 shares during the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.

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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