Wall Street analysts expect that New York Community Bancorp, Inc. (NYSE:NYCB) will announce earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for New York Community Bancorp’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.18. New York Community Bancorp reported earnings of $0.26 per share during the same quarter last year, which indicates a negative year over year growth rate of 26.9%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, July 26th.

On average, analysts expect that New York Community Bancorp will report full-year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.83. For the next financial year, analysts forecast that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.76 to $0.92. Zacks’ EPS averages are an average based on a survey of analysts that cover New York Community Bancorp.

New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. New York Community Bancorp had a net margin of 26.19% and a return on equity of 7.72%. The business had revenue of $327.09 million for the quarter, compared to analysts’ expectations of $342.04 million. During the same period last year, the firm posted $0.27 earnings per share.

NYCB has been the subject of a number of research analyst reports. ValuEngine raised New York Community Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Stephens initiated coverage on New York Community Bancorp in a report on Wednesday, April 5th. They issued an “equal weight” rating on the stock. FBR & Co cut their price target on New York Community Bancorp from $14.00 to $13.00 and set an “underperform” rating on the stock in a report on Friday, April 7th. Keefe, Bruyette & Woods set a $15.00 price target on New York Community Bancorp and gave the company a “hold” rating in a report on Tuesday, April 4th. Finally, BidaskClub upgraded New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.46.

New York Community Bancorp (NYSE:NYCB) traded down 0.31% during trading on Wednesday, hitting $13.01. The stock had a trading volume of 2,853,940 shares. New York Community Bancorp has a 12 month low of $12.61 and a 12 month high of $17.68. The stock has a 50 day moving average price of $13.07 and a 200-day moving average price of $14.37. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 13.69 and a beta of 0.59.

A number of hedge funds have recently modified their holdings of NYCB. Pacer Advisors Inc. boosted its stake in shares of New York Community Bancorp by 3.1% in the first quarter. Pacer Advisors Inc. now owns 9,389 shares of the financial services provider’s stock worth $131,000 after buying an additional 284 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of New York Community Bancorp during the first quarter worth approximately $140,000. National Asset Management Inc. purchased a new stake in shares of New York Community Bancorp during the first quarter worth approximately $161,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of New York Community Bancorp by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,989 shares of the financial services provider’s stock worth $170,000 after buying an additional 506 shares in the last quarter. Finally, HRT Financial LLC purchased a new stake in shares of New York Community Bancorp during the first quarter worth approximately $172,000. 57.16% of the stock is owned by institutional investors.

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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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