Somewhat Favorable News Coverage Somewhat Unlikely to Affect New York Community Bancorp (NYCB) Stock Price
News stories about New York Community Bancorp (NYSE:NYCB) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. New York Community Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.853759359495 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- New York Community To Present At Barclays Conference; Webcast At 12;00 PM ET (nasdaq.com)
- Investment in New York Community Bancorp, Inc. (NYCB) could prove to be a Good? – Street Observer (press release) (streetobserver.com)
- New York Community Bancorp, Inc (NYCB) Reached a New 52-Week Low – First News 24 (firstnewspaper24.com)
- New York Community Bancorp, Inc. : NYCB-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 9, 2017 (finance.yahoo.com)
- The Current Analyst Recommendations for Anworth Mortgage Asset … – AllStockNews (allstocknews.com)
New York Community Bancorp (NYSE:NYCB) opened at 12.45 on Thursday. New York Community Bancorp has a 52 week low of $11.67 and a 52 week high of $17.68. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 13.55 and a beta of 0.59. The firm’s 50-day moving average price is $12.35 and its 200-day moving average price is $13.22.
New York Community Bancorp (NYSE:NYCB) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $338.21 million during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.26 earnings per share. On average, equities analysts expect that New York Community Bancorp will post $0.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio is currently 73.91%.
A number of equities analysts recently issued reports on NYCB shares. Morgan Stanley reissued an “equal weight” rating and issued a $13.75 price objective (down from $14.00) on shares of New York Community Bancorp in a report on Friday, July 7th. Zacks Investment Research raised New York Community Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine lowered New York Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised New York Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Piper Jaffray Companies set a $11.00 price objective on New York Community Bancorp and gave the stock a “sell” rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $13.61.
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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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