$270.84 Million in Sales Expected for New York Community Bancorp, Inc. (NYCB) This Quarter

Equities research analysts forecast that New York Community Bancorp, Inc. (NYSE:NYCB) will announce $270.84 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for New York Community Bancorp’s earnings. The lowest sales estimate is $267.10 million and the highest is $279.80 million. New York Community Bancorp reported sales of $296.32 million in the same quarter last year, which would suggest a negative year over year growth rate of 8.6%. The business is expected to report its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that New York Community Bancorp will report full-year sales of $1.12 billion for the current financial year, with estimates ranging from $1.12 billion to $1.13 billion. For the next financial year, analysts forecast that the company will report sales of $1.07 billion, with estimates ranging from $1.04 billion to $1.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. The firm had revenue of $272.43 million during the quarter, compared to analysts’ expectations of $285.05 million. New York Community Bancorp had a net margin of 26.41% and a return on equity of 6.60%. During the same period in the prior year, the company posted $0.21 earnings per share.

A number of analysts have recently issued reports on the stock. Credit Suisse Group reissued a “neutral” rating and issued a $12.00 price objective on shares of New York Community Bancorp in a research note on Tuesday, August 28th. ValuEngine raised shares of New York Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Royal Bank of Canada reissued a “hold” rating and issued a $11.00 price objective on shares of New York Community Bancorp in a research note on Thursday, July 26th. Sandler O’Neill set a $14.00 price objective on shares of New York Community Bancorp and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, B. Riley set a $11.00 price objective on shares of New York Community Bancorp and gave the stock a “hold” rating in a research note on Monday, October 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.32.

A number of institutional investors and hedge funds have recently bought and sold shares of NYCB. Dimensional Fund Advisors LP lifted its position in New York Community Bancorp by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 10,048,026 shares of the financial services provider’s stock valued at $104,194,000 after purchasing an additional 704,870 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in New York Community Bancorp by 9.4% during the third quarter. Mondrian Investment Partners LTD now owns 5,997,574 shares of the financial services provider’s stock valued at $62,195,000 after purchasing an additional 514,250 shares during the last quarter. Kahn Brothers Group Inc. DE lifted its position in New York Community Bancorp by 29.3% during the third quarter. Kahn Brothers Group Inc. DE now owns 3,951,906 shares of the financial services provider’s stock valued at $40,981,000 after purchasing an additional 895,314 shares during the last quarter. Russell Investments Group Ltd. lifted its position in New York Community Bancorp by 34.0% during the third quarter. Russell Investments Group Ltd. now owns 3,547,106 shares of the financial services provider’s stock valued at $36,434,000 after purchasing an additional 899,482 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in New York Community Bancorp by 0.3% during the second quarter. Bessemer Group Inc. now owns 3,421,767 shares of the financial services provider’s stock valued at $37,776,000 after purchasing an additional 9,899 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Shares of NYSE NYCB traded down $0.08 during midday trading on Monday, reaching $9.42. The stock had a trading volume of 7,875,654 shares, compared to its average volume of 7,281,403. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $4.62 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65. New York Community Bancorp has a 12-month low of $8.88 and a 12-month high of $14.53.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.68 annualized dividend and a yield of 7.22%. New York Community Bancorp’s payout ratio is 83.95%.

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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