New York Community Bancorp, Inc. Forecasted to Post Q1 2019 Earnings of $0.18 Per Share (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Analysts at FIG Partners dropped their Q1 2019 EPS estimates for shares of New York Community Bancorp in a research report issued on Tuesday, November 6th. FIG Partners analyst C. Marinac now forecasts that the financial services provider will earn $0.18 per share for the quarter, down from their prior estimate of $0.21. FIG Partners also issued estimates for New York Community Bancorp’s Q4 2019 earnings at $0.21 EPS.

NYCB has been the subject of several other reports. B. Riley set a $11.00 price objective on shares of New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. ValuEngine raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $12.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, August 28th. Sandler O’Neill set a $14.00 price objective on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Piper Jaffray Companies raised shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $9.00 in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. New York Community Bancorp has a consensus rating of “Hold” and an average target price of $12.32.

NYSE NYCB opened at $9.73 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 2.20. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.22 and a beta of 0.65. New York Community Bancorp has a 52 week low of $8.88 and a 52 week high of $14.53.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $272.43 million during the quarter, compared to analyst estimates of $285.05 million. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. During the same period in the previous year, the firm earned $0.21 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of New York Community Bancorp by 8.3% during the third quarter. Janus Henderson Group PLC now owns 200,122 shares of the financial services provider’s stock valued at $2,075,000 after purchasing an additional 15,400 shares during the period. Rational Advisors LLC purchased a new stake in shares of New York Community Bancorp during the third quarter valued at $798,000. Tobam boosted its stake in shares of New York Community Bancorp by 340.7% during the third quarter. Tobam now owns 468,051 shares of the financial services provider’s stock valued at $4,854,000 after purchasing an additional 361,838 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of New York Community Bancorp by 19.2% during the third quarter. Commonwealth Bank of Australia now owns 95,560 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 15,400 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of New York Community Bancorp by 47.7% during the third quarter. MML Investors Services LLC now owns 23,413 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 7,561 shares during the period. 65.07% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date is Monday, November 5th. New York Community Bancorp’s dividend payout ratio is currently 83.95%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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

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