New York Community Bancorp, Inc. (NYSE:NYCB) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NYCB to report 3Q20 income of $ 0.23 per share from revenue of $ 282.37 million.
For the full year, analysts anticipate top line of $ 1089.77 million, while looking forward to income of $ 0.89 per share bottom line.
Previous Quarter Performance
New York Community Bancorp, Inc. came out with income for the second quarter of $ 0.21 per share, from the revenue of $ 265.87 million. The quarterly earnings 10.53 percent while revenues developed 11.02 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.19 per share from $ 261.80 million in revenue. The bottom line results beat street analysts by $ 0.02 or 10.53 percent, at the same time, top line results outshined analysts by $ 4.07 million or 1.55 percent.
Stock Performance
Shares of New York Community Bancorp, Inc. traded low $ -0.32 or -3.70 percent on Tuesday, reaching $ 8.33 with volume of 4.31 million shares. New York Community Bancorp, Inc. has traded high as $ 8.65 and has cracked $ 8.31 on the downward trend
According to the previous trading day, closing price of $ 8.33, representing a 8.26 % increase from the 52 week low of $ 7.99 and a 35.54 % decrease over the 52 week high of $ 13.42.
The company has a market capital of $ 3.86 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Credit Suisse Group at Neutral rating, with $ 10.00 target price.
- On 2nd October 2020, maintained by Morgan Stanley at Underweight rating, with $ 10.50 target price.
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 10.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.17 per share on July 29, 2020. The dividend were payable on August 18, 2020 to holders of record as of the close of business on August 8, 2020 and ex-dividend date on August 6, 2020.
Conference Call
New York Community Bancorp, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mynycb.com
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.
