Analysts forecast that New York Community Bancorp, Inc. (NYSE:NYCB) will post $0.19 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for New York Community Bancorp’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.18. New York Community Bancorp reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The business is expected to announce its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that New York Community Bancorp will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.81. For the next financial year, analysts expect that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.84. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $272.43 million for 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 prior year, the firm earned $0.21 earnings per share.

Several equities analysts have recently weighed in on the stock. 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 company from $10.00 to $9.00 in a research report on Friday, October 26th. B. Riley set a $11.00 price objective on shares of New York Community Bancorp and gave the company a “hold” rating in a research report on Monday, October 15th. ValuEngine raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Credit Suisse Group reissued a “neutral” rating and issued a $12.00 price objective on shares of New York Community Bancorp in a research report on Tuesday, August 28th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. New York Community Bancorp has a consensus rating of “Hold” and an average price target of $12.32.

A number of large investors have recently added to or reduced their stakes in NYCB. California Public Employees Retirement System increased its holdings in New York Community Bancorp by 17.3% in the 2nd quarter. California Public Employees Retirement System now owns 1,587,433 shares of the financial services provider’s stock valued at $17,525,000 after buying an additional 234,681 shares during the period. Worldquant Millennium Quantitative Strategies LLC bought a new position in New York Community Bancorp in the 2nd quarter valued at about $381,000. State of Wisconsin Investment Board bought a new position in New York Community Bancorp in the 2nd quarter valued at about $833,000. Schwab Charles Investment Management Inc. increased its holdings in New York Community Bancorp by 7.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,959,033 shares of the financial services provider’s stock valued at $21,628,000 after buying an additional 134,589 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in New York Community Bancorp by 6.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,429,623 shares of the financial services provider’s stock valued at $15,783,000 after buying an additional 88,510 shares during the period. 65.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYCB traded down $0.18 during trading hours on Friday, hitting $9.60. The company had a trading volume of 5,566,150 shares, compared to its average volume of 6,914,609. The firm has a market capitalization of $4.82 billion, a PE ratio of 11.85, a PEG ratio of 1.24 and a beta of 0.65. New York Community Bancorp has a 12 month low of $8.88 and a 12 month high of $14.53. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.37 and a quick ratio of 1.40.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Monday, November 5th. New York Community Bancorp’s dividend payout ratio is 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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