New York Community Bancorp (NYCB) Earning Somewhat Favorable Press Coverage, Analysis Shows
Media stories about New York Community Bancorp (NYSE:NYCB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York Community Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.9283178140317 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of New York Community Bancorp (NYCB) opened at 12.97 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 14.11 and a beta of 0.58. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $17.68. The firm’s 50-day moving average price is $12.33 and its 200 day moving average price is $12.98.
New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $338.21 million during the quarter, compared to analyst estimates of $326.36 million. New York Community Bancorp had a return on equity of 7.46% and a net margin of 25.67%. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities research analysts forecast that New York Community Bancorp will post $0.78 EPS for the current year.
Several equities analysts recently commented on the company. BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies restated a “sell” rating and set a $11.00 target price on shares of New York Community Bancorp in a research report on Tuesday, September 19th. Morgan Stanley restated an “equal weight” rating and set a $13.75 target price (down from $14.00) on shares of New York Community Bancorp in a research report on Friday, July 7th. Finally, Zacks Investment Research cut New York Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $13.38.
About New York Community Bancorp
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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