New York Community Bancorp, Inc. (NYSE:NYCB) Expected to Post FY2019 Earnings of $1.07 Per Share

New York Community Bancorp, Inc. (NYSE:NYCB) – Equities researchers at Wedbush issued their FY2019 earnings estimates for New York Community Bancorp in a note issued to investors on Thursday, Zacks Investment Research reports. Wedbush analyst P. Winter anticipates that the financial services provider will earn $1.07 per share for the year.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $385.27 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.26 earnings per share.

Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of New York Community Bancorp from a “c” rating to a “b-” rating in a research note on Friday, December 15th. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America upgraded shares of New York Community Bancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, January 12th. Finally, Barclays decreased their price objective on shares of New York Community Bancorp from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.11.

Shares of New York Community Bancorp (NYSE NYCB) traded up $0.13 during midday trading on Monday, hitting $13.69. 3,459,904 shares of the stock traded hands, compared to its average volume of 4,210,000. The company has a market capitalization of $6,700.00, a P/E ratio of 15.74, a PEG ratio of 1.66 and a beta of 0.59. New York Community Bancorp has a 52-week low of $11.67 and a 52-week 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 institutional investors and hedge funds have recently added to or reduced their stakes in NYCB. Schwab Charles Investment Management Inc. raised its holdings in shares of New York Community Bancorp by 4.7% during the second 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 purchasing an additional 70,973 shares during the last quarter. BB&T Securities LLC purchased a new position in shares of New York Community Bancorp during the second quarter valued at approximately $135,000. Prudential Financial Inc. raised its holdings in shares of New York Community Bancorp by 0.4% during the second quarter. Prudential Financial Inc. now owns 606,768 shares of the financial services provider’s stock valued at $7,967,000 after purchasing an additional 2,150 shares during the last quarter. Airain ltd purchased a new position in shares of New York Community Bancorp during the second quarter valued at approximately $256,000. Finally, Pacer Advisors Inc. raised its holdings in shares of New York Community Bancorp by 8.3% during the second quarter. Pacer Advisors Inc. now owns 10,168 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 779 shares during the last quarter. 58.44% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for New York Community Bancorp (NYSE:NYCB)

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