New York Community Bancorp, Inc. (NYSE:NYCB) – Research analysts at Jefferies Financial Group boosted their FY2019 earnings estimates for New York Community Bancorp in a research report issued to clients and investors on Tuesday, January 7th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Haire now anticipates that the financial services provider will earn $0.77 per share for the year, up from their previous estimate of $0.76. Jefferies Financial Group also issued estimates for New York Community Bancorp’s Q4 2019 earnings at $0.20 EPS.
New York Community Bancorp (NYSE:NYCB) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. New York Community Bancorp had a return on equity of 6.42% and a net margin of 20.96%. The company had revenue of $260.03 million during the quarter, compared to analysts’ expectations of $255.13 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year.
Other equities research analysts have also issued research reports about the company. ValuEngine raised New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Royal Bank of Canada lowered New York Community Bancorp from an “outperform” rating to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Thursday, October 31st. Stephens set a $12.00 target price on New York Community Bancorp and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, B. Riley reissued a “buy” rating and issued a $13.00 target price on shares of New York Community Bancorp in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.78.
Shares of NYCB stock opened at $11.64 on Thursday. New York Community Bancorp has a 12-month low of $9.38 and a 12-month high of $13.79. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 2.25. The business has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.83. The firm has a market cap of $5.46 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.37 and a beta of 0.99.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 6 Meridian raised its holdings in New York Community Bancorp by 3.7% in the fourth quarter. 6 Meridian now owns 48,688 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 1,743 shares in the last quarter. Resources Management Corp CT ADV bought a new position in New York Community Bancorp in the 3rd quarter valued at about $1,814,000. Millennium Management LLC grew its position in New York Community Bancorp by 308.2% in the 3rd quarter. Millennium Management LLC now owns 2,737,481 shares of the financial services provider’s stock valued at $34,355,000 after buying an additional 2,066,818 shares in the last quarter. Man Group plc bought a new position in New York Community Bancorp in the 3rd quarter valued at about $823,000. Finally, Squarepoint Ops LLC boosted its position in shares of New York Community Bancorp by 93.7% during the 3rd quarter. Squarepoint Ops LLC now owns 359,922 shares of the financial services provider’s stock valued at $4,517,000 after purchasing an additional 174,122 shares in the last quarter. 60.69% of the stock is currently owned by hedge funds and other institutional investors.
About New York Community Bancorp
New York Community Bancorp, Inc operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
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