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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Community Bancorp in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NYCB shares.
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13 analysts have issued 12-month price targets for New York Community Bancorp's shares. Their NYCB share price forecasts range from $8.50 to $17.00. On average, they expect the company's stock price to reach $12.25 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
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New York Community Bancorp's stock was trading at $8.60 at the beginning of the year. Since then, NYCB shares have increased by 30.9% and is now trading at $11.26.
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New York Community Bancorp saw a increase in short interest in September. As of September 15th, there was short interest totaling 37,650,000 shares, an increase of 28.6% from the August 31st total of 29,280,000 shares. Based on an average trading volume of 8,360,000 shares, the days-to-cover ratio is presently 4.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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New York Community Bancorp, Inc. (NYSE:NYCB) released its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.15. The financial services provider had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $851.59 million. New York Community Bancorp had a trailing twelve-month return on equity of 9.29% and a net margin of 43.28%.

New York Community Bancorp announced a quarterly dividend on Tuesday, July 25th. Investors of record on Monday, August 7th will be given a dividend of $0.17 per share on Thursday, August 17th. This represents a $0.68 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for NYCB.

ETFs with the largest weight of New York Community Bancorp (NYSE:NYCB) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Invesco KBW Regional Banking ETF (KBWR), TrueShares Low Volatility Equity Income ETF (DIVZ), Global SuperDividend US ETF (DIV), iShares U.S. Regional Banks ETF (IAT), SPDR S&P Regional Banking ETF (KRE) and First Trust Financial AlphaDEX Fund (FXO).

New York Community Bancorp (NYSE:NYCB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.03%. NYCB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 16.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYCB will have a dividend payout ratio of 43.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NYCB.

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.

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).

New York Community Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NYCB."

New York Community Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.66%), State Street Corp (3.78%), Geode Capital Management LLC (1.46%), Bank of New York Mellon Corp (1.25%), Charles Schwab Investment Management Inc. (0.92%) and Kahn Brothers Group Inc. (0.88%). Insiders that own company stock include James L Klein, Lawrence J Savarese, Marshall Lux, Reginald E Davis and Ronald A Rosenfeld.
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Shares of NYCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NYCB stock can currently be purchased for approximately $11.26.

New York Community Bancorp (NYSE:NYCB) has a market capitalization of $8.14 billion and generates $2.34 billion in revenue each year. The financial services provider earns $650 million in net income (profit) each year or $4.02 on an earnings per share basis.

The company employs 7,497 workers across the globe.

New York Community Bancorp's mailing address is 615 MERRICK AVENUE, WESTBURY NY, 11590. The official website for the company is www.mynycb.com. The financial services provider can be reached via phone at (516) 683-4100, via email at ir@mynycb.com, or via fax at 516-683-8385.