New York Community Bancorp, Inc. (NYSE:NYCB) – Investment analysts at Wedbush issued their FY2019 earnings per share estimates for New York Community Bancorp in a research report issued on Thursday. Wedbush analyst P. Winter expects that the financial services provider will post earnings of $1.07 per share for the year.

New York Community Bancorp (NYSE:NYCB) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million during the quarter, compared to analysts’ expectations of $313.64 million. New York Community Bancorp had a net margin of 24.22% and a return on equity of 7.17%. During the same period in the prior year, the company earned $0.26 EPS.

NYCB has been the subject of several other reports. BidaskClub upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays upped their target price on shares of New York Community Bancorp from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada began coverage on shares of New York Community Bancorp in a research note on Thursday, December 21st. They set a “sector perform” rating and a $13.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.79.

New York Community Bancorp (NYSE:NYCB) traded up $0.42 during trading hours on Monday, reaching $13.55. 10,756,910 shares of the company traded hands, compared to its average volume of 4,020,000. The firm has a market cap of $6,630.00, a PE ratio of 15.57 and a beta of 0.59. New York Community Bancorp has a 1 year low of $11.67 and a 1 year high of $16.18. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.98.

Several hedge funds have recently made changes to their positions in NYCB. Schwab Charles Investment Management Inc. raised its stake in shares of New York Community Bancorp by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,568,222 shares of the financial services provider’s stock valued at $20,591,000 after buying an additional 70,973 shares in the last quarter. BB&T Securities LLC acquired a new position in shares of New York Community Bancorp in the 2nd quarter valued at $135,000. Prudential Financial Inc. raised its stake in shares of New York Community Bancorp by 0.4% in the 2nd quarter. Prudential Financial Inc. now owns 606,768 shares of the financial services provider’s stock valued at $7,967,000 after buying an additional 2,150 shares in the last quarter. Airain ltd acquired a new position in shares of New York Community Bancorp in the 2nd quarter valued at $256,000. Finally, Pacer Advisors Inc. raised its stake in shares of New York Community Bancorp by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after buying an additional 779 shares in the last quarter. Institutional investors own 58.44% 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.

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