New York Community Bancorp (NYCB) Scheduled to Post Earnings on Wednesday

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New York Community Bancorp (NYSE:NYCB) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect New York Community Bancorp to post earnings of $0.19 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. New York Community Bancorp had a net margin of 21.73% and a return on equity of 6.52%. The firm had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $255.49 million. During the same quarter in the previous year, the company posted $0.20 EPS. On average, analysts expect New York Community Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYCB stock opened at $13.19 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50 day moving average price of $12.67 and a 200 day moving average price of $11.29. New York Community Bancorp has a fifty-two week low of $8.61 and a fifty-two week high of $13.39. The stock has a market capitalization of $6.17 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00.

Several research firms recently weighed in on NYCB. Sandler O’Neill cut shares of New York Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Bank of America set a $13.00 price objective on shares of New York Community Bancorp and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised shares of New York Community Bancorp from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $9.50 to $11.50 in a report on Thursday, August 1st. TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, August 15th. Finally, B. Riley set a $13.00 target price on shares of New York Community Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.20.

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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