FIG Partners Weighs in on New York Community Bancorp, Inc.’s Q1 2018 Earnings (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – Equities research analysts at FIG Partners issued their Q1 2018 earnings per share estimates for shares of New York Community Bancorp in a research report issued on Wednesday. FIG Partners analyst C. Marinac anticipates that the financial services provider will post earnings per share of $0.19 for the quarter. FIG Partners also issued estimates for New York Community Bancorp’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.83 EPS.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. BidaskClub upgraded New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. TheStreet lowered New York Community Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, January 16th. ValuEngine downgraded New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley increased their price target on New York Community Bancorp from $14.00 to $14.75 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.25.

New York Community Bancorp (NYSE NYCB) opened at $13.61 on Monday. The firm has a market capitalization of $6,660.00, a P/E ratio of 15.12, a PEG ratio of 1.66 and a beta of 0.65. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.40 and a current ratio of 1.40. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $15.59.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The company had revenue of $296.32 million for the quarter, compared to analyst estimates of $300.29 million. New York Community Bancorp had a return on equity of 6.81% and a net margin of 25.91%.

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at $103,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at $113,000. Brown Advisory Inc. acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at $146,000. Sapphire Star Partners LP acquired a new stake in shares of New York Community Bancorp in the 3rd quarter valued at $155,000. Finally, Forward Management LLC acquired a new stake in shares of New York Community Bancorp in the 4th quarter valued at $165,000. 59.25% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Monday, February 12th. New York Community Bancorp’s dividend payout ratio is currently 75.56%.

WARNING: “FIG Partners Weighs in on New York Community Bancorp, Inc.’s Q1 2018 Earnings (NYCB)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2018/02/07/fig-partners-weighs-in-on-new-york-community-bancorp-inc-s-q1-2018-earnings-nycb.html.

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.

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

Receive News & Ratings for New York Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit