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

$3.02
-0.16 (-5.03%)
(As of 11:28 AM ET)
Today's Range
$3.01
$3.17
50-Day Range
$2.71
$4.94
52-Week Range
$1.70
$14.22
Volume
4.35 million shs
Average Volume
34.55 million shs
Market Capitalization
$2.41 billion
P/E Ratio
0.91
Dividend Yield
6.62%
Price Target
$5.43

New York Community Bancorp MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.87 Rating Score
Upside/​Downside
76.3% Upside
$5.43 Price Target
Short Interest
Bearish
9.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.24mentions of New York Community Bancorp in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$875,626 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.08) to $0.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Finance Sector

31st out of 855 stocks

Savings Institutions, Except Federal Industry

1st out of 18 stocks

NYCB stock logo

About New York Community Bancorp Stock (NYSE:NYCB)

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.



NYCB Stock Price History

NYCB Stock News Headlines

Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
New York Community Bancorp (NYSE:NYCB) Shares Up 0.3%
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
New York Community Bancorp (NYSE:NYCB) Trading Down 1.7%
NYCB names Craig Gifford as CFO
What 24 Analyst Ratings Have To Say About New York Community
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 2/28 Dividend
2/13/2024
Dividend Payable
2/28/2024
Today
4/24/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

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
$5.43
High Stock Price Target
$12.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+70.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.87
Research Coverage
15 Analysts

Profitability

Net Income
$-79,000,000.00
Pretax Margin
-0.61%

Debt

Sales & Book Value

Annual Sales
$8.20 billion
Cash Flow
$5.14 per share
Book Value
$10.89 per share

Miscellaneous

Free Float
784,995,000
Market Cap
$2.54 billion
Optionable
Optionable
Beta
0.92
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Key Executives

  • Mr. John J. Pinto CPA (Age 53)
    Senior EVP, CFO & Principal Financial Officer
    Comp: $1.59M
  • Mr. John T. Adams (Age 61)
    Senior Executive VP & President of Commercial Real Estate Finance
    Comp: $1.1M
  • Mr. Reginald E. DavisMr. Reginald E. Davis (Age 62)
    Senior Executive VP & President of Consumer and Corporate Banking
    Comp: $493.85k
  • Mr. Lee Matthew Smith (Age 49)
    Senior Executive VP & President of Mortgage
    Comp: $809.78k
  • Ms. Julie Signorille-Browne
    Senior EVP, COO & Chief Administrative Officer
  • Mr. Bryan L. Marx (Age 48)
    Executive VP, Chief Accounting Officer & Principal Accounting Officer
  • Ms. Jennifer Charters
    Executive VP & Chief Information Officer
  • Mr. Salvatore J. DiMartino
    Executive VP, Chief of Staff to the CEO & Director of Investor Relations
  • Mr. R. Patrick Quinn Esq. (Age 62)
    J.D., Senior Executive VP, General Counsel & Corporate Secretary
    Comp: $1.14M
  • Anthony E. Donatelli
    Director of Capital Planning & Stress Testing and Executive VP

NYCB Stock Analysis - Frequently Asked Questions

Should I buy or sell New York Community Bancorp stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New York Community Bancorp in the last year. There are currently 2 sell ratings and 13 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" NYCB shares.
View NYCB analyst ratings
or view top-rated stocks.

What is New York Community Bancorp's stock price target for 2024?

15 analysts have issued twelve-month price targets for New York Community Bancorp's stock. Their NYCB share price targets range from $3.00 to $12.00. On average, they predict the company's stock price to reach $5.43 in the next twelve months. This suggests a possible upside of 76.3% from the stock's current price.
View analysts price targets for NYCB
or view top-rated stocks among Wall Street analysts.

How have NYCB shares performed in 2024?

New York Community Bancorp's stock was trading at $10.23 at the start of the year. Since then, NYCB stock has decreased by 69.9% and is now trading at $3.08.
View the best growth stocks for 2024 here
.

Are investors shorting New York Community Bancorp?

New York Community Bancorp saw a increase in short interest in March. As of March 15th, there was short interest totaling 67,340,000 shares, an increase of 47.8% from the February 29th total of 45,560,000 shares. Based on an average trading volume of 37,100,000 shares, the short-interest ratio is currently 1.8 days.
View New York Community Bancorp's Short Interest
.

When is New York Community Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our NYCB earnings forecast
.

How were New York Community Bancorp's earnings last quarter?

New York Community Bancorp, Inc. (NYSE:NYCB) issued its quarterly earnings results on Wednesday, January, 31st. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.56. The financial services provider had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. New York Community Bancorp had a trailing twelve-month return on equity of 6.22% and a net margin of 28.96%. During the same period in the prior year, the company earned $0.25 earnings per share.

How often does New York Community Bancorp pay dividends? What is the dividend yield for New York Community Bancorp?

New York Community Bancorp declared a quarterly dividend on Tuesday, January 30th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.05 per share on Wednesday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Tuesday, February 13th.
Read our dividend analysis for NYCB
.

Is New York Community Bancorp a good dividend stock?

New York Community Bancorp (NYSE:NYCB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.78%. NYCB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 6.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYCB will have a dividend payout ratio of 71.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NYCB.

What is Joseph R. Ficalora's approval rating as New York Community Bancorp's CEO?

133 employees have rated New York Community Bancorp Chief Executive Officer Joseph R. Ficalora on Glassdoor.com. Joseph R. Ficalora has an approval rating of 48% among the company's employees. This puts Joseph R. Ficalora in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of New York Community Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New York Community Bancorp investors own include AT&T (T), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Two Harbors Investment (TWO), Bank of America (BAC), General Electric (GE), Annaly Capital Management (NLY), Coty (COTY), Ford Motor (F) and Verizon Communications (VZ).

Who are New York Community Bancorp's major shareholders?

New York Community Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Alaska Permanent Fund Corp (0.05%), Allspring Global Investments Holdings LLC (0.04%), IMC Chicago LLC (0.00%), Louisiana State Employees Retirement System (0.03%), Thompson Investment Management Inc. (0.02%) and Hodges Capital Management Inc. (0.02%). Insiders that own company stock include Alessandro Dinello, James L Klein, Lawrence J Savarese, Lee Matthew Smith, Marshall Lux, Peter Schoels, Reginald E Davis, Ronald A Rosenfeld and Thomas R Cangemi.
View institutional ownership trends
.

How do I buy shares of New York Community Bancorp?

Shares of NYCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NYCB) was last updated on 4/24/2024 by MarketBeat.com Staff

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