Wedbush Equities Analysts Decrease Earnings Estimates for New York Community Bancorp, Inc. (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) - Equities research analysts at Wedbush reduced their Q1 2025 earnings per share estimates for shares of New York Community Bancorp in a report issued on Monday, June 24th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.04. Wedbush currently has a "Neutral" rating and a $3.50 price target on the stock. The consensus estimate for New York Community Bancorp's current full-year earnings is ($0.49) per share. Wedbush also issued estimates for New York Community Bancorp's Q2 2025 earnings at $0.06 EPS.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.01. New York Community Bancorp had a return on equity of 2.91% and a net margin of 0.62%. The business had revenue of $633.00 million during the quarter, compared to analyst estimates of $776.81 million. During the same period in the previous year, the firm earned $0.23 EPS. New York Community Bancorp's quarterly revenue was down 76.1% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on the company. Citigroup dropped their price objective on New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, March 7th. Raymond James lowered New York Community Bancorp from a "market perform" rating to an "underperform" rating and set a $3.00 price objective on the stock. in a research note on Monday, March 18th. Royal Bank of Canada reduced their price objective on New York Community Bancorp from $5.00 to $4.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 9th. Morgan Stanley cut their price target on New York Community Bancorp from $6.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 7th. Finally, Barclays cut their price objective on New York Community Bancorp from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.39.

New York Community Bancorp Stock Down 3.1 %

Shares of NYCB traded down $0.10 on Tuesday, hitting $3.01. The company's stock had a trading volume of 15,816,685 shares, compared to its average volume of 28,289,113. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 3.39. The firm's fifty day moving average price is $3.26 and its 200-day moving average price is $5.40. New York Community Bancorp has a fifty-two week low of $1.70 and a fifty-two week high of $14.22. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 310.00 and a beta of 0.98.

Institutional Trading of New York Community Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in New York Community Bancorp by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 67,668,954 shares of the financial services provider's stock worth $767,366,000 after acquiring an additional 4,723,876 shares during the last quarter. Norges Bank purchased a new position in shares of New York Community Bancorp in the 4th quarter valued at approximately $77,628,000. Kahn Brothers Group Inc. lifted its stake in shares of New York Community Bancorp by 0.9% in the 1st quarter. Kahn Brothers Group Inc. now owns 6,213,289 shares of the financial services provider's stock valued at $20,007,000 after purchasing an additional 53,275 shares during the period. Westfield Capital Management Co. LP increased its position in New York Community Bancorp by 154.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 5,135,955 shares of the financial services provider's stock valued at $58,242,000 after buying an additional 3,114,070 shares in the last quarter. Finally, Cannell & Co. increased its position in New York Community Bancorp by 12.3% during the 4th quarter. Cannell & Co. now owns 4,574,137 shares of the financial services provider's stock valued at $46,793,000 after buying an additional 500,545 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

New York Community Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, June 7th were given a dividend of $0.01 per share. The ex-dividend date was Friday, June 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. New York Community Bancorp's dividend payout ratio is presently 400.00%.

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.