Q3 2024 EPS Estimates for New York Community Bancorp, Inc. Decreased by Analyst (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) - Stock analysts at Wedbush cut their Q3 2024 EPS estimates for New York Community Bancorp in a report released on Wednesday, October 9th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn ($0.30) per share for the quarter, down from their previous estimate of ($0.27). Wedbush currently has a "Neutral" rating and a $31.50 target price on the stock. The consensus estimate for New York Community Bancorp's current full-year earnings is ($2.42) per share. Wedbush also issued estimates for New York Community Bancorp's Q4 2024 earnings at ($0.35) EPS, FY2024 earnings at ($2.20) EPS, Q1 2025 earnings at ($0.10) EPS and Q2 2025 earnings at ($0.03) EPS.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last posted its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) EPS for the quarter, missing the consensus estimate of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The business had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. During the same period in the previous year, the firm earned $4.23 earnings per share. The company's revenue was down 44.2% on a year-over-year basis.

A number of other research analysts also recently weighed in on NYCB. StockNews.com raised shares of New York Community Bancorp to a "sell" rating in a research report on Friday, July 19th. Barclays raised shares of New York Community Bancorp from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on shares of New York Community Bancorp from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of New York Community Bancorp from $11.25 to $33.75 and gave the company a "market perform" rating in a research report on Monday, July 15th. Finally, Citigroup increased their target price on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.48.

New York Community Bancorp Stock Up 7.6 %

NYCB stock traded up $0.83 during trading on Friday, reaching $11.78. The stock had a trading volume of 6,214,553 shares, compared to its average volume of 8,425,396. New York Community Bancorp has a one year low of $5.10 and a one year high of $34.47. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The company's 50 day moving average is $10.69 and its two-hundred day moving average is $12.01. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of -4.27 and a beta of 1.00.

New York Community Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, September 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. New York Community Bancorp's payout ratio is -1.45%.

Institutional Trading of New York Community Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of New York Community Bancorp by 3,583.0% in the first quarter. Versant Capital Management Inc now owns 8,250 shares of the financial services provider's stock worth $27,000 after purchasing an additional 8,026 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of New York Community Bancorp by 26.0% during the second quarter. AlphaMark Advisors LLC now owns 8,734 shares of the financial services provider's stock worth $28,000 after acquiring an additional 1,803 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of New York Community Bancorp during the second quarter worth $28,000. Carmichael Hill & Associates Inc. boosted its position in shares of New York Community Bancorp by 201.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 9,029 shares of the financial services provider's stock worth $29,000 after acquiring an additional 6,029 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of New York Community Bancorp by 66.9% during the first quarter. FinTrust Capital Advisors LLC now owns 9,673 shares of the financial services provider's stock worth $31,000 after acquiring an additional 3,876 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Company Profile

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.