New York Community Bancorp (NYCB) to Release Earnings on Friday

New York Community Bancorp (NYSE:NYCB) is set to release its earnings data on Friday, April 26th.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.56). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $935.90 million. New York Community Bancorp had a return on equity of 6.22% and a net margin of 28.96%. During the same period in the prior year, the firm earned $0.25 earnings per share. On average, analysts expect New York Community Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

New York Community Bancorp Stock Performance

Shares of NYSE:NYCB opened at $3.06 on Thursday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.18 and a quick ratio of 1.17. The business’s 50 day moving average price is $3.58 and its 200-day moving average price is $7.37. The firm has a market capitalization of $2.44 billion, a PE ratio of 0.92 and a beta of 0.91. New York Community Bancorp has a 1 year low of $1.70 and a 1 year high of $14.22.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Tuesday, February 13th. New York Community Bancorp’s dividend payout ratio is presently 6.01%.

Insider Activity at New York Community Bancorp

In other news, Director Peter Schoels acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $4.15 per share, for a total transaction of $415,000.00. Following the acquisition, the director now owns 147,438 shares of the company’s stock, valued at $611,867.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Peter Schoels bought 100,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $4.15 per share, with a total value of $415,000.00. Following the purchase, the director now directly owns 147,438 shares of the company’s stock, valued at approximately $611,867.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Alessandro Dinello bought 50,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $4.19 per share, with a total value of $209,500.00. Following the completion of the purchase, the chairman now directly owns 114,305 shares in the company, valued at $478,937.95. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 213,410 shares of company stock worth $875,626. 1.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NYCB has been the topic of a number of recent research reports. Barclays initiated coverage on New York Community Bancorp in a research note on Friday, March 8th. They set an “equal weight” rating and a $4.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $7.00 in a research note on Friday, February 2nd. Citigroup lowered their price objective on New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Bank of America lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $8.50 to $5.00 in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group lowered New York Community Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $7.00 in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.43.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.