New York Community Bancorp (NYSE:NYCB) Issues Quarterly Earnings Results

New York Community Bancorp (NYSE:NYCB) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02, MarketWatch Earnings reports. The business had revenue of $281.25 million for the quarter, compared to analyst estimates of $276.23 million. New York Community Bancorp had a net margin of 21.57% and a return on equity of 6.43%. During the same quarter in the previous year, the firm posted $0.19 earnings per share.

NYSE:NYCB traded down $0.23 during trading hours on Friday, hitting $10.53. 2,749,312 shares of the company’s stock traded hands, compared to its average volume of 3,543,664. The firm has a market cap of $4.89 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.27 and a beta of 0.94. New York Community Bancorp has a 52 week low of $8.19 and a 52 week high of $13.79. The business’s fifty day simple moving average is $10.15 and its two-hundred day simple moving average is $10.42. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 2.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Saturday, August 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, August 6th. New York Community Bancorp’s dividend payout ratio is 88.31%.

Several brokerages have commented on NYCB. Compass Point lowered their price objective on shares of New York Community Bancorp from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. ValuEngine downgraded shares of New York Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 19th. Morgan Stanley boosted their target price on shares of New York Community Bancorp from $10.50 to $11.00 and gave the company an “underweight” rating in a report on Monday, June 8th. B. Riley restated a “buy” rating and set a $14.00 target price on shares of New York Community Bancorp in a research report on Tuesday, June 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $12.00 price target on shares of New York Community Bancorp in a report on Monday, July 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.92.

New York Community Bancorp Company Profile

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

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