Wall Street brokers expect New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) to post sales of $345.96 million for the current quarter, according to Zacks Investment Research. Four analysts have made earnings estimates for New York Community Bancorp, with the highest estimate of sales at $349.54 million and the lowest estimate at $341.87 million. New York Community Bancorp posted sales of $332.07 million in the same quarter last year, suggesting a positive year-over-year growth rate of 4.2%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect New York Community Bancorp to report annual sales of $1.45 billion for the current year, with estimates ranging from $1.44 billion to $1.46 billion. For next year, analysts expect the company to post sales of $1.55 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of sell-side research firms that cover New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB – Get Rating) last released its quarterly results on Wednesday, January 26. The financial services provider reported earnings per share (EPS) of $0.31 for the quarter, matching Thomson Reuters consensus estimate of $0.31. New York Community Bancorp had a return on equity of 9.62% and a net margin of 34.08%. The company posted revenue of $338.00 million for the quarter, versus a consensus estimate of $338.07 million. In the same quarter last year, the company posted EPS of $0.27. The company’s revenue for the quarter increased 4.6% on an annual basis.
Major investors have recently changed their stake in the company. FMR LLC increased its stake in New York Community Bancorp shares by 40.1% in the first quarter. FMR LLC now owns 31,397 shares of the financial services provider valued at $363,000 after purchasing an additional 8,981 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of New York Community Bancorp by 26.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,815,899 shares of the financial services provider valued at $20,011,000 after purchasing an additional 379,915 shares during the period. Wedbush Securities Inc. increased its stake in New York Community Bancorp shares to 94.7% in the third quarter. Wedbush Securities Inc. now owns 21,578 shares of the financial services provider valued at $278,000 after purchasing an additional 10,498 shares during the period. Sanders Morris Harris LLC increased its position in New York Community Bancorp by 6.3% during the third quarter. Sanders Morris Harris LLC now owns 16,830 shares of the financial services provider valued at $217,000 after buying an additional 1,000 shares last quarter. Finally, Gilman Hill Asset Management LLC increased its position in New York Community Bancorp by 1.6% during the third quarter. Gilman Hill Asset Management LLC now owns 631,679 shares of the financial services provider valued at $8,130,000 after buying an additional 9,946 shares last quarter. Institutional investors hold 61.40% of the company’s shares.
NYSE: NYCB opened Wednesday at $11.02. The company has a debt ratio of 2.53, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50-day simple moving average is $11.66 and its 200-day simple moving average is $12.33. The company has a market capitalization of $5.15 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.80 and a beta of 0.95. New York Community Bancorp has a 52-week low of $10.78 and a 52-week high of $14.33.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 17. Investors of record on Monday, February 7 received a dividend of $0.17 per share. This represents a dividend of $0.68 on an annualized basis and a yield of 6.17%. The ex-dividend date was Friday, February 4. New York Community Bancorp’s payout ratio is currently 57.14%.
About New York Community Bancorp (Get a rating)
New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on rent-regulated non-luxury buildings 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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