New York Community Bancorp, Inc. Expected to Post Q1 2018 Earnings of $0.19 Per Share (NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB) – FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for shares of New York Community Bancorp in a research note issued to investors on Wednesday. FIG Partners analyst C. Marinac forecasts that the financial services provider will earn $0.19 per share 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 research analysts also recently issued research reports about the company. TheStreet upgraded New York Community Bancorp from a “c” rating to a “b-” rating in a research report on Friday, December 15th. ValuEngine upgraded New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America upgraded New York Community Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, January 12th. Finally, Barclays cut their price objective on New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.25.

Shares of New York Community Bancorp (NYSE NYCB) opened at $13.52 on Monday. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $15.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $6,610.00, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.66 and a beta of 0.65.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.68 annualized dividend and a dividend yield of 5.03%. New York Community Bancorp’s dividend payout ratio is presently 75.56%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of New York Community Bancorp by 33.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,831,006 shares of the financial services provider’s stock worth $358,742,000 after acquiring an additional 7,036,258 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of New York Community Bancorp by 364.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,127,649 shares of the financial services provider’s stock worth $66,095,000 after acquiring an additional 4,023,388 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of New York Community Bancorp during the 4th quarter worth about $47,004,000. Dimensional Fund Advisors LP boosted its position in shares of New York Community Bancorp by 40.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,311,010 shares of the financial services provider’s stock worth $69,738,000 after acquiring an additional 1,517,864 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its position in shares of New York Community Bancorp by 8.6% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,400,000 shares of the financial services provider’s stock worth $146,946,000 after acquiring an additional 900,000 shares in the last quarter. Institutional investors own 59.25% of the company’s stock.

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About New York Community Bancorp

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)

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