New York Community Bancorp (NYSE:NYCB - Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.29), RTT News reports. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $621.72 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. During the same quarter in the previous year, the business earned $1.08 earnings per share.
New York Community Bancorp Stock Performance
NYSE NYCB traded down $0.95 on Friday, hitting $10.55. 18,531,372 shares of the company traded hands, compared to its average volume of 8,349,230. The business's 50 day moving average price is $11.11 and its 200-day moving average price is $12.19. New York Community Bancorp has a 52-week low of $5.10 and a 52-week high of $34.47. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -3.82 and a beta of 1.00.
New York Community Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. New York Community Bancorp's dividend payout ratio is currently -1.45%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 3rd. StockNews.com raised New York Community Bancorp to a "sell" rating in a report on Friday, July 19th. Keefe, Bruyette & Woods boosted their target price on New York Community Bancorp from $11.25 to $33.75 and gave the stock a "market perform" rating in a research report on Monday, July 15th. Barclays upgraded shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. Finally, Wedbush reiterated a "neutral" rating and issued a $31.50 price target on shares of New York Community Bancorp in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.48.
View Our Latest Stock Analysis on NYCB
New York Community Bancorp Company Profile
(
Get Free Report)
New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
Further Reading
Before you consider New York Community Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Community Bancorp wasn't on the list.
While New York Community Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
