FY2019 EPS Estimates for New York Community Bancorp, Inc. Cut by Analyst (NYCB)

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New York Community Bancorp, Inc. (NYSE:NYCB) – Research analysts at Wedbush lowered their FY2019 earnings per share (EPS) estimates for New York Community Bancorp in a note issued to investors on Monday, February 4th. Wedbush analyst P. Winter now expects that the financial services provider will post earnings per share of $0.81 for the year, down from their prior forecast of $0.85. Wedbush also issued estimates for New York Community Bancorp’s FY2020 earnings at $0.84 EPS.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.76% and a net margin of 23.72%. The business had revenue of $270.31 million during the quarter, compared to the consensus estimate of $270.24 million. During the same quarter last year, the firm posted $0.26 EPS.

Several other equities research analysts also recently issued reports on the company. UBS Group raised New York Community Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Monday. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Wednesday, January 30th. Barclays cut New York Community Bancorp from an “equal weight” rating to an “underweight” rating in a research report on Thursday, January 10th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $11.00 price objective on shares of New York Community Bancorp in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.55.

Shares of New York Community Bancorp stock opened at $11.82 on Wednesday. New York Community Bancorp has a 1 year low of $8.61 and a 1 year high of $14.53. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.35 and a quick ratio of 1.37.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Monday, February 11th. New York Community Bancorp’s payout ratio is 86.08%.

A number of hedge funds have recently bought and sold shares of NYCB. First Mercantile Trust Co. increased its position in shares of New York Community Bancorp by 129.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,100 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,750 shares during the period. ETF Managers Group LLC increased its position in shares of New York Community Bancorp by 21.4% in the fourth quarter. ETF Managers Group LLC now owns 10,492 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,847 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of New York Community Bancorp by 13.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,861 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,925 shares during the period. Retirement Systems of Alabama increased its position in shares of New York Community Bancorp by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 635,756 shares of the financial services provider’s stock worth $5,982,000 after purchasing an additional 2,058 shares during the period. Finally, Arizona State Retirement System increased its position in shares of New York Community Bancorp by 1.1% in the fourth quarter. Arizona State Retirement System now owns 351,936 shares of the financial services provider’s stock worth $3,312,000 after purchasing an additional 3,755 shares during the period. Hedge funds and other institutional investors own 67.24% of the company’s stock.

About New York Community Bancorp

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 Bancorp (NYSE:NYCB)

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