New York Community Bancorp, Inc. (NYSE:NYCB) – FIG Partners raised their FY2018 earnings per share (EPS) estimates for shares of New York Community Bancorp in a note issued to investors on Wednesday. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings per share of $0.88 for the year, up from their prior forecast of $0.83.

Several other equities research analysts also recently weighed in on NYCB. BidaskClub raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $11.00 price target on shares of New York Community Bancorp in a research note on Tuesday, September 19th. Zacks Investment Research downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Barclays decreased their price target on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Finally, FBR & Co reaffirmed a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. New York Community Bancorp has a consensus rating of “Hold” and an average price target of $12.79.

New York Community Bancorp (NYSE:NYCB) traded up $0.05 on Monday, reaching $13.07. 3,450,000 shares of the company’s stock traded hands, compared to its average volume of 3,930,000. New York Community Bancorp has a 12-month low of $11.67 and a 12-month high of $16.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $6,390.00, a P/E ratio of 15.02 and a beta of 0.59.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. The firm had revenue of $385.27 million during the quarter, compared to the consensus estimate of $313.64 million. During the same period in the previous year, the firm posted $0.26 earnings per share.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of New York Community Bancorp by 2.3% during the second quarter. Vanguard Group Inc. now owns 40,770,549 shares of the financial services provider’s stock worth $535,317,000 after acquiring an additional 910,170 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in New York Community Bancorp by 33.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after purchasing an additional 7,036,258 shares during the last quarter. State Street Corp boosted its holdings in New York Community Bancorp by 1.8% during the second quarter. State Street Corp now owns 21,898,657 shares of the financial services provider’s stock worth $287,534,000 after purchasing an additional 376,921 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its holdings in New York Community Bancorp by 8.6% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock worth $146,946,000 after purchasing an additional 900,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in New York Community Bancorp by 6.7% during the second quarter. Renaissance Technologies LLC now owns 10,289,400 shares of the financial services provider’s stock worth $135,100,000 after purchasing an additional 642,723 shares during the last quarter. 58.44% of the stock is owned by institutional investors.

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New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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