3. New York Community Bancorp
Shares of New York Community Bancorp (NYB) of Westbury closed at $12.70 Friday, returning 7% year-to-date, following a 30% decline last year. Based on a 25-cent quarterly payout, the shares have a dividend yield of 7.87%.
The shares trade for 2.1 times tangible book value, and for 12 times the consensus 2013 EPS estimate of $1.08. The consensus 2012 EPS estimate is $1.06.
Please see TheStreet's earnings coverage for a detailed review of New York Community Bancorp's first-quarter results.Despite strong earnings performance and the maintenance of the company's attractive dividend payout for 33 consecutive quarters, New York Community Bank ranks #3 for regulatory risk from the coming stress tests, according to Sterne Agee, with the firm's ranking supported by an estimated 2012 dividend payout ratio -- dividends paid/EPS -- of 93%, for a last-place ranking out of 54 banks; as well as a last-place ranking for a ratio of commercial real estate, construction and development, and mortgage loans of 834% of tangible common equity. New York Community had $43.0 billion in total assets as of March 31, with $17.8 billion -- or 58% of total loans -- in multifamily mortgage loans, which are mainly concentrated among apartment buildings in the New York City, with below-market rents, leading to a very long track record of strong asset quality. Sterne Agee analyst Matthew Kelley rates New York Community Bancorp "Underperform," with a $12 price target, estimating the company will earn $1.04 a share this year and also in 2013. Interested in more on New York Community Bancorp? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV