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NYSE:NYCB

New York Community Bancorp (NYCB) Stock Price, News & Analysis

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About New York Community Bancorp Stock (NYSE:NYCB)

Key Stats

Today's Range
$10.36
$11.75
50-Day Range
$9.81
$12.38
52-Week Range
$5.10
$34.47
Volume
18.53 million shs
Average Volume
8.35 million shs
Market Capitalization
$4.38 billion
P/E Ratio
N/A
Dividend Yield
0.38%
Price Target
$17.48
Consensus Rating
Hold

Company Overview

New York Community Bancorp, Inc. is the bank holding company for New York Community Bank. New York Community Bank is the nation’s 47th-largest financial institution and its largest thrift. As a thrift, the bank specializes in real estate and consumer accounts specifically real estate loans and savings accounts and has limited exposure to other forms of business banking. Among the benefits to consumers are interest-bearing checking and saving accounts that come with higher-than-average interest rates.

New York Community Bank was founded in 1859 to serve Queens County, New York. It operated under that name, growing all the while, until 2000 when it changed its name to better reflect the business. The company IPOd in 1993 and has made multiple acquisitions in the time since. As of 6/30/2022, the bank had $63.1 billion in assets and $41.2 billion in deposits.

New York Community Bank operates in greater New York City, New Jersey, Ohio, Florida, and Arizona. The company provides deposit products ranging from interest-bearing checking and money market accounts to savings accounts, IRAs, and CDs. Brands under the company’s umbrella include AmTrust in Florida and Arizona, Ohio Savings Bank, Garden State Savings Bank, and Atlantic Bank.

The bank offers a wide range of real-estate-related loans including but not limited to multi-family loans, commercial real estate loans, construction loans, and consumer loans and mortgages. Investment products include annuities, mutual funds, and life insurance. Customers include individuals, small businesses, and organizations and are served through a network of more than 230 branches, and 300 ATMs, online, mobile, and by phone. Many of the locations are open 24 hours and 6 days a week although those hours are not available at all branches. Clients can access their accounts digitally 24/7.

New York Community Bancorp and its underlying business carry investment-grade credit ratings from all the major rating agencies. The credit outlook in the 4th quarter of 2022 was stable as it had been for some time. In New York, it is a leader in the multi-family market specializing in lower-cost housing in rent-controlled areas. As of June 30, 2022, the multi-family loan portfolio accounted for more than 75% of all investments. The company has a stock purchase and dividend reinvestment plan that help to sustain a high level of ownership.



New York Community Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

NYCB MarketRank™: 

New York Community Bancorp scored higher than 69% of companies evaluated by MarketBeat, and ranked 382nd out of 915 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    New York Community Bancorp has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    New York Community Bancorp has only been the subject of 3 research reports in the past 90 days.

  • Read more about New York Community Bancorp's stock forecast and price target.
  • Earnings Growth

    Earnings for New York Community Bancorp are expected to grow in the coming year, from ($3.00) to ($0.33) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of New York Community Bancorp is -2.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of New York Community Bancorp is -2.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    New York Community Bancorp has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about New York Community Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    13.01% of the float of New York Community Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    New York Community Bancorp has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in New York Community Bancorp has recently increased by 0.74%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    New York Community Bancorp has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    New York Community Bancorp does not have a long track record of dividend growth.

  • Read more about New York Community Bancorp's dividend.
  • Percentage of Shares Shorted

    13.01% of the float of New York Community Bancorp has been sold short.
  • Short Interest Ratio / Days to Cover

    New York Community Bancorp has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in New York Community Bancorp has recently increased by 0.74%, indicating that investor sentiment is decreasing.
  • News Sentiment

    New York Community Bancorp has a news sentiment score of -0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for New York Community Bancorp this week, compared to 15 articles on an average week.
  • Search Interest

    Only 7 people have searched for NYCB on MarketBeat in the last 30 days. This is a decrease of -72% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added New York Community Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -88% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, New York Community Bancorp insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.38% of the stock of New York Community Bancorp is held by insiders.

  • Percentage Held by Institutions

    67.88% of the stock of New York Community Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about New York Community Bancorp's insider trading history.
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NYCB Stock News Headlines

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NYCB Stock Analysis - Frequently Asked Questions

New York Community Bancorp, Inc. (NYSE:NYCB) announced its quarterly earnings results on Friday, October, 25th. The financial services provider reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.29. The financial services provider earned $1.65 billion during the quarter, compared to the consensus estimate of $621.72 million. New York Community Bancorp had a negative net margin of 18.40% and a negative trailing twelve-month return on equity of 11.35%.

Shares of New York Community Bancorp reverse split on Wednesday, July 31st 2024. The 1-3 reverse split was announced on Thursday, June 27th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, July 30th 2024. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

Top institutional investors of New York Community Bancorp include Charles Schwab Investment Management Inc. (0.86%), Parallax Volatility Advisers L.P., Cerity Partners LLC (0.36%) and Walleye Capital LLC. Insiders that own company stock include Lee Matthew Smith, Peter Schoels, Alessandro Dinello, Reginald E Davis, Thomas R Cangemi, Marshall Lux and Ronald A Rosenfeld.
View institutional ownership trends
.

Based on aggregate information from My MarketBeat watchlists, some other companies that New York Community Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), General Electric (GE), Advanced Micro Devices (AMD), Invesco QQQ (QQQ) and Adobe (ADBE).

Company Calendar

Ex-Dividend for 9/17 Dividend
9/06/2024
Dividend Payable
9/17/2024
Last Earnings
10/25/2024
Today
11/26/2024
Dividend Payable
12/17/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/29/2025
Ex-Dividend for 12/17 Dividend
1/01/2100

Industry, Sector and Symbol

Sector
Finance
Industry
Savings institutions, except federal
Sub-Industry
Thrifts & Mortgage Finance
CUSIP
64944510
Employees
8,766
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.48
High Stock Price Target
$33.75
Low Stock Price Target
$9.00
Potential Upside/Downside
+65.7%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
15 Analysts

Profitability

Net Income
$-79,000,000.00
Pretax Margin
-61.60%

Debt

Sales & Book Value

Annual Sales
$8.20 billion
Cash Flow
$14.26 per share
Book Value
$32.66 per share

Miscellaneous

Free Float
388,767,000
Market Cap
$4.38 billion
Optionable
Optionable
Beta
1.00

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This page (NYSE:NYCB) was last updated on 11/26/2024 by MarketBeat.com Staff
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