Brokerages expect that New York Community Bancorp, Inc. (NYSE:NYCB) will announce $270.84 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for New York Community Bancorp’s earnings. The lowest sales estimate is $267.10 million and the highest is $279.80 million. New York Community Bancorp posted sales of $296.32 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The business is scheduled to report its next earnings results on Wednesday, January 30th.
On average, analysts expect that New York Community Bancorp will report full year sales of $1.12 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next financial year, analysts forecast that the firm will report sales of $1.07 billion, with estimates ranging from $1.04 billion to $1.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $272.43 million during the quarter, compared to analyst estimates of $285.05 million. New York Community Bancorp had a return on equity of 6.60% and a net margin of 26.41%. During the same period last year, the company earned $0.21 EPS.
Several equities research analysts have recently issued reports on NYCB shares. Zacks Investment Research reaffirmed a “sell” rating on shares of New York Community Bancorp in a research note on Wednesday, November 14th. Piper Jaffray Companies raised New York Community Bancorp from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $9.00 in a research note on Friday, October 26th. Credit Suisse Group reissued a “neutral” rating and set a $12.00 price target on shares of New York Community Bancorp in a research note on Tuesday, August 28th. ValuEngine raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, B. Riley set a $11.00 price target on New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. New York Community Bancorp currently has an average rating of “Hold” and a consensus price target of $12.32.
NYSE:NYCB opened at $10.05 on Wednesday. The company has a market capitalization of $5.05 billion, a PE ratio of 12.41, a P/E/G ratio of 1.30 and a beta of 0.67. New York Community Bancorp has a 1 year low of $8.88 and a 1 year 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 1.37.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Monday, November 5th. New York Community Bancorp’s dividend payout ratio is currently 83.95%.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in New York Community Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 42,876,102 shares of the financial services provider’s stock valued at $444,625,000 after purchasing an additional 455,299 shares in the last quarter. Legal & General Group Plc raised its position in New York Community Bancorp by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 2,672,889 shares of the financial services provider’s stock valued at $27,718,000 after purchasing an additional 65,995 shares in the last quarter. Resources Management Corp CT ADV bought a new stake in New York Community Bancorp during the 3rd quarter valued at $1,107,000. Glenmede Trust Co. NA bought a new stake in New York Community Bancorp during the 3rd quarter valued at $114,000. Finally, HRT Financial LLC bought a new stake in New York Community Bancorp during the 3rd quarter valued at $322,000. 67.83% of the stock is owned by hedge funds and other institutional investors.
New York Community Bancorp Company Profile
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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