New York Community Bank (NYCB) Expected to Post Earnings of $0.20 Per Share

Wall Street analysts expect that New York Community Bank (NYSE:NYCB) will report earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for New York Community Bank’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.21. New York Community Bank reported earnings per share of $0.21 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The company is scheduled to announce its next earnings results before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that New York Community Bank will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.93. For the next financial year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.76 to $1.04. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover New York Community Bank.

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New York Community Bank (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting 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 Bank had a return on equity of 6.81% and a net margin of 25.91%.



NYCB has been the topic of several analyst reports. TheStreet lowered New York Community Bank from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered New York Community Bank from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. B. Riley raised New York Community Bank from a “sell” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Monday, February 12th. ValuEngine lowered New York Community Bank from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $16.00 target price on shares of New York Community Bank in a research report on Monday, March 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.48.

A number of hedge funds have recently made changes to their positions in NYCB. New York State Common Retirement Fund boosted its stake in New York Community Bank by 8.5% during the third quarter. New York State Common Retirement Fund now owns 1,157,400 shares of the financial services provider’s stock valued at $14,919,000 after buying an additional 90,700 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in New York Community Bank by 2.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,609,074 shares of the financial services provider’s stock valued at $20,741,000 after buying an additional 40,852 shares in the last quarter. Brown Advisory Inc. bought a new position in New York Community Bank during the third quarter valued at about $146,000. Dimensional Fund Advisors LP boosted its stake in New York Community Bank by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,661,277 shares of the financial services provider’s stock valued at $72,973,000 after buying an additional 350,267 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in New York Community Bank by 21.1% during the third quarter. Private Advisor Group LLC now owns 47,892 shares of the financial services provider’s stock valued at $614,000 after buying an additional 8,356 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Shares of NYCB stock traded up $0.16 on Tuesday, hitting $12.71. 3,379,586 shares of the stock traded hands, compared to its average volume of 5,045,685. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.05. The firm has a market cap of $6,157.09, a P/E ratio of 15.69, a P/E/G ratio of 1.46 and a beta of 0.65. New York Community Bank has a 1-year low of $11.67 and a 1-year high of $14.53.

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

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