New York Community Bancorp (NYCB) Getting Positive News Coverage, Analysis Finds

Media headlines about New York Community Bancorp (NYSE:NYCB) have trended positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York Community Bancorp earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of New York Community Bancorp (NYSE NYCB) traded down 0.73% during midday trading on Friday, reaching $12.22. 4,009,044 shares of the company’s stock traded hands. The firm has a market cap of $5.98 billion, a PE ratio of 13.31 and a beta of 0.58. The company has a 50 day moving average of $12.97 and a 200 day moving average of $13.74. New York Community Bancorp has a 52-week low of $12.17 and a 52-week high of $17.68.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities analysts predict that New York Community Bancorp will post $0.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.68 annualized dividend and a dividend yield of 5.56%. New York Community Bancorp’s dividend payout ratio is currently 73.91%.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. FBR & Co dropped their price objective on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, April 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $13.50 price objective on shares of New York Community Bancorp in a report on Wednesday, April 26th. Morgan Stanley restated an “equal weight” rating and set a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. New York Community Bancorp presently has an average rating of “Hold” and an average target price of $14.46.

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New York Community Bancorp Company Profile

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.

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