New York Community Bancorp, Inc. (NYSE:NYCB) to Post Q1 2025 Earnings of $0.04 Per Share, Wedbush Forecasts

New York Community Bancorp, Inc. (NYSE:NYCB - Free Report) - Research analysts at Wedbush dropped their Q1 2025 earnings per share estimates for shares of New York Community Bancorp in a research note issued to investors on Wednesday, May 1st. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.06. Wedbush currently has a "Neutral" rating and a $3.50 target price on the stock. The consensus estimate for New York Community Bancorp's current full-year earnings is ($0.08) per share.

New York Community Bancorp (NYSE:NYCB - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.01. The company had revenue of $633.00 million during the quarter, compared to the consensus estimate of $776.81 million. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.78%. New York Community Bancorp's revenue was down 76.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share.

Several other brokerages have also commented on NYCB. Compass Point lowered New York Community Bancorp from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Thursday, February 1st. UBS Group lowered shares of New York Community Bancorp from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. DA Davidson downgraded New York Community Bancorp from a "buy" rating to a "neutral" rating and cut their price objective for the company from $8.50 to $5.00 in a research note on Thursday, February 8th. Citigroup cut their target price on New York Community Bancorp from $5.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, March 7th. Finally, Jefferies Financial Group lowered shares of New York Community Bancorp from a "buy" rating to a "hold" rating and dropped their target price for the stock from $13.00 to $7.00 in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.39.

New York Community Bancorp Stock Up 4.7 %

Shares of NYSE:NYCB traded up $0.16 during trading on Friday, hitting $3.53. The stock had a trading volume of 26,498,406 shares, compared to its average volume of 34,359,766. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 2.70. New York Community Bancorp has a 12 month low of $1.70 and a 12 month high of $14.22. The company has a market capitalization of $2.82 billion, a PE ratio of 353.00 and a beta of 0.95. The firm's fifty day moving average is $3.36 and its 200 day moving average is $7.02.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, June 7th. New York Community Bancorp's dividend payout ratio is currently 2,000.00%.

Insider Activity at New York Community Bancorp

In other news, CEO Thomas R. Cangemi acquired 11,310 shares of New York Community Bancorp stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $4.41 per share, with a total value of $49,877.10. Following the purchase, the chief executive officer now owns 69,704 shares in the company, valued at $307,394.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Alessandro Dinello purchased 50,000 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $4.19 per share, with a total value of $209,500.00. Following the transaction, the chairman now owns 114,305 shares in the company, valued at approximately $478,937.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas R. Cangemi bought 11,310 shares of New York Community Bancorp stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $4.41 per share, for a total transaction of $49,877.10. Following the completion of the purchase, the chief executive officer now directly owns 69,704 shares of the company's stock, valued at $307,394.64. The disclosure for this purchase can be found here. Insiders bought a total of 213,410 shares of company stock worth $875,626 in the last three months. Company insiders own 1.62% of the company's stock.

Institutional Investors Weigh In On New York Community Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new position in New York Community Bancorp in the third quarter worth approximately $28,000. Loomis Sayles & Co. L P purchased a new stake in New York Community Bancorp during the 3rd quarter worth about $29,000. Naples Money Management LLC acquired a new position in shares of New York Community Bancorp during the 4th quarter worth about $30,000. Authentikos Wealth Advisory LLC purchased a new position in shares of New York Community Bancorp in the 3rd quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in New York Community Bancorp during the fourth quarter worth approximately $40,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.