New York Community Bancorp (NYSE:NYCB) Releases Quarterly Earnings Results, Misses Estimates By $0.29 EPS

New York Community Bancorp (NYSE:NYCB) announced its quarterly earnings data on Friday. The financial services provider reported ($0.69) earnings per share (EPS) 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 analysts’ expectations 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 period in the prior year, the firm earned $1.08 earnings per share.

New York Community Bancorp Trading Down 8.3 %

Shares of NYSE NYCB opened at $10.55 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The stock’s 50 day moving average price is $11.11 and its two-hundred 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 stock has a market capitalization of $4.38 billion, a P/E ratio of -3.82 and a beta of 1.00.

New York Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be paid 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 (DPR) is -1.45%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NYCB. Keefe, Bruyette & Woods increased their target price on shares of 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. Wedbush reissued a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a research report on Friday, July 26th. Citigroup upped their target price on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Finally, Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $14.00 in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.48.

About New York Community Bancorp

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.