Wall Street brokerage firms predict that New York Community Bancorp, Inc. (NYSE: NYCB) will report sales of $ 338.32 million for the current fiscal quarter, according to Zacks investment research. Five analysts provided earnings estimates for New York Community Bancorp, with the lowest sales estimate at $ 323.30 million and the highest estimate at $ 350.11 million. New York Community Bancorp reported sales of $ 322.95 million in the same quarter last year, indicating a positive year-over-year growth rate of 4.8%. The company is expected to release its next quarterly results on Wednesday, January 26.
On average, analysts expect New York Community Bancorp to report annual revenue of $ 1.34 billion for the current fiscal year, with estimates ranging from $ 1.29 billion to $ 1. $ 36 billion. For the next fiscal year, analysts expect the company to post revenue of $ 1.58 billion, with estimates ranging from $ 1.40 billion to $ 1.90 billion. Zacks’ sales averages are an average based on a survey of seller-side research analysts who cover New York Community Bancorp.
New York Community Bancorp (NYSE: NYCB) last reported its results on Tuesday, October 26. The financial services provider reported earnings per share (EPS) of $ 0.31 for the quarter, missing Zacks’ consensus estimate of $ 0.32 of ($ 0.01). New York Community Bancorp posted a return on equity of 9.38% and a net margin of 36.25%. The company posted revenue of $ 318.00 million for the quarter, compared to analysts’ estimates of $ 346.15 million. In the same quarter of the previous year, the company posted earnings per share of $ 0.23. New York Community Bancorp revenue for the quarter increased 12.8% year-on-year.
A number of brokerages have commented on NYCB. Credit Suisse Group reiterated a “neutral” rating and issued a price target of $ 10.98 (up from $ 14.00 previously) on shares of New York Community Bancorp in a research note on Tuesday, July 27. Zacks investment research downgraded New York Community Bancorp shares from a “buy” rating to a “keep” rating and set a price target of $ 14.50 for the stock. in a research report on Monday, October 11. Six analysts rated the stock with a conservation rating and three issued a buy rating for the company. Based on MarketBeat data, New York Community Bancorp currently has a consensus rating of “Hold” and a consensus price target of $ 13.44.
Institutional investors and hedge funds recently bought and sold shares in the company. Advisory Services Network LLC acquired a new stake in New York Community Bancorp during the second quarter for a value of approximately $ 26,000. Jacobi Capital Management LLC increased its stake in New York Community Bancorp by 161.6% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,354 shares of the financial services provider valued at $ 30,000 after purchasing an additional 1,454 shares in the last quarter. Huntington National Bank purchased a new position in New York Community Bancorp during the second quarter valued at approximately $ 39,000. Global Wealth Management Investment Advisory Inc. increased its stake in New York Community Bancorp by 76.5% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 3,000 shares of the financial services provider valued at $ 39,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in New York Community Bancorp by 114.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,456 shares of the financial services provider worth $ 57,000 after purchasing an additional 2,379 shares in the last quarter. Institutional investors hold 62.12% of the company’s shares.
NYCB shares opened at $ 12.37 on Friday. The business has a fifty-day moving average of $ 13.00 and a 200-day moving average of $ 12.22. The company has a quick ratio of 1.33, a current ratio of 1.33, and a debt ratio of 2.39. New York Community Bancorp has a 12-month low of $ 9.00 and a 12-month high of $ 14.33. The company has a market cap of $ 5.75 billion, a price / earnings ratio of 9.66, a P / E / G ratio of 1.01 and a beta of 0.99.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 16. Shareholders of record on Saturday, November 6 received a dividend of $ 0.17. This represents an annualized dividend of $ 0.68 and a return of 5.50%. The ex-dividend date was Thursday, November 4. New York Community Bancorp’s dividend payout ratio is currently 53.13%.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc. is a banking holding company, engaged in providing multi-family loans on rent-regulated non-luxury properties that have below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.
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