New York Community Bancorp (NYCB) Receiving Favorable Press Coverage, Analysis Shows

Headlines about New York Community Bancorp (NYSE:NYCB) have trended positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New York Community Bancorp earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.5717093766795 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

A number of research analysts have recently commented on the stock. Sandler O’Neill set a $14.00 target price on shares of New York Community Bancorp and gave the stock a “buy” rating in a research report on Wednesday, July 25th. B. Riley cut their price target on shares of New York Community Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 19th. Zacks Investment Research raised shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine lowered shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $11.00 target price on shares of New York Community Bancorp in a research note on Thursday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. New York Community Bancorp has a consensus rating of “Hold” and an average price target of $12.59.

Shares of NYSE NYCB opened at $10.84 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. New York Community Bancorp has a twelve month low of $10.40 and a twelve month high of $14.53. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.66.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. New York Community Bancorp had a net margin of 25.81% and a return on equity of 6.67%. The company had revenue of $286.66 million during the quarter, compared to analyst estimates of $287.86 million. During the same period in the prior year, the firm earned $0.22 earnings per share. equities research analysts forecast that New York Community Bancorp will post 0.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Monday, August 6th. New York Community Bancorp’s dividend payout ratio is presently 83.95%.

About New York Community Bancorp

New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.

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