1. New York Community Bancorp
Shares of New York Community Bancorp of Westbury closed at $13.50 Monday, returning 18% year-to-date, following a 30% decline during 2011. Based on a quarterly payout of 25 cents, the shares have a dividend yield of 7.41%. The shares trade for 1.9 times tangible book value, and for 13 times the consensus 2013 EPS estimate of $1.03. New York Community Bancorp reported third-quarter earnings of $128.8 million, or 29 cents a share, declining from $131.2 million, or 30 cents a share, in the second quarter, but increasing from $119.8 million, or 27 cents a share, in the third quarter of 2011. The company's third-quarter net interest income declined to $285.0 million, from $296.7 million in the second quarter, and $295.0 million in the third quarter of last year, while the net interest margin narrowed to 3.17% in the third quarter, from 3.30% the previous quarter, and 3.33% a year earlier. New York Community Bancorp also said in its earnings release that "although loan production rose as the low level of market interest rates prompted a rise in refinancing activity, the replenishment of the loan portfolio occurred at lower yields," and that "the impact was somewhat tempered by the high level of prepayment penalty income from multi-family and
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