Q1 2018 EPS Estimates for New York Community Bancorp, Inc. Raised by B. Riley (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Equities research analysts at B. Riley upped their Q1 2018 earnings estimates for shares of New York Community Bancorp in a research note issued on Monday. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.20 per share for the quarter, up from their prior estimate of $0.19. B. Riley has a “Neutral” rating and a $13.00 price target on the stock. B. Riley also issued estimates for New York Community Bancorp’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.87 EPS.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. New York Community Bancorp had a net margin of 25.91% and a return on equity of 6.81%.

NYCB has been the topic of several other reports. Zacks Investment Research lowered shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays increased their price objective on shares of New York Community Bancorp from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada initiated coverage on shares of New York Community Bancorp in a report on Thursday, December 21st. They issued a “sector perform” rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.22.

New York Community Bancorp (NYCB) opened at $13.85 on Tuesday. The firm has a market cap of $6,770.00, a PE ratio of 15.39, a PEG ratio of 1.58 and a beta of 0.65. New York Community Bancorp has a 1-year low of $11.67 and a 1-year high of $15.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gotham Asset Management LLC raised its holdings in New York Community Bancorp by 6.6% in the second quarter. Gotham Asset Management LLC now owns 28,852 shares of the financial services provider’s stock valued at $379,000 after buying an additional 1,794 shares during the period. Bank of New York Mellon Corp raised its holdings in New York Community Bancorp by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 6,496,698 shares of the financial services provider’s stock valued at $83,743,000 after buying an additional 235,792 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in New York Community Bancorp in the third quarter valued at approximately $374,000. Janus Henderson Group PLC raised its holdings in New York Community Bancorp by 141.2% in the second quarter. Janus Henderson Group PLC now owns 168,156 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 98,442 shares during the period. Finally, Stevens Capital Management LP purchased a new position in New York Community Bancorp in the third quarter valued at approximately $356,000. Hedge funds and other institutional investors own 59.13% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.17 dividend. The ex-dividend date is Monday, February 12th. This represents a $0.68 annualized dividend and a yield of 4.91%. New York Community Bancorp’s payout ratio is 75.56%.

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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.

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

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