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NYSE:NYCB

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

$11.27

+0.14 (+1.26%)

(As of 04:00 PM ET)

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Today's Range: $10.96
▼
$11.28
50-Day Range: $11.10
▼
$13.87
52-Week Range: $5.81
▼
$14.22

Volume: 7.21 million shs
Average Volume: 12.24 million shs
Market Capitalization: $8.14 billion

P/E Ratio: 2.80
Dividend Yield: 6.03%
Price Target: $12.25

New York Community Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.85 Rating Score
Upside/Downside: 8.8% Upside
$12.25 Price Target
Short Interest: Healthy
4.05% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.75
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$302,400 Sold Last Quarter
Proj. Earnings Growth: 7.64%
From $1.44 to $1.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Finance Sector

172nd out of 850 stocks

Savings Institutions, Except Federal Industry

3rd out of 16 stocks

1.4

Analyst's Opinion

Consensus Rating
New York Community Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.25, New York Community Bancorp has a forecasted upside of 8.8% from its current price of $11.26.
Amount of Analyst Coverage
New York Community Bancorp has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.05% of the outstanding shares of New York Community Bancorp have been sold short.
Short Interest Ratio / Days to Cover
New York Community Bancorp has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New York Community Bancorp has recently decreased by 4.25%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
New York Community Bancorp is a leading dividend payer. It pays a dividend yield of 6.11%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
New York Community Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of New York Community Bancorp is 16.92%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, New York Community Bancorp will have a dividend payout ratio of 43.87% next year. This indicates that New York Community Bancorp will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New York Community Bancorp has received a 24.60% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Online banking", "Wire transfer services", "Consumer savings accounts provided by brick and mortar banks", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for New York Community Bancorp is -0.75.

1.5

News and Social Media Coverage

News Sentiment
New York Community Bancorp has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Finance companies.
Search Interest
Only 30 people have searched for NYCB on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added New York Community Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New York Community Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $302,400.00 in company stock.
Percentage Held by Insiders
Only 1.62% of the stock of New York Community Bancorp is held by insiders.
Percentage Held by Institutions
67.52% 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.

4.4

Earnings and Valuation

Earnings Growth
Earnings for New York Community Bancorp are expected to grow by 7.64% in the coming year, from $1.44 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New York Community Bancorp is 2.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of New York Community Bancorp is 2.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 82.77.
Price to Earnings Growth Ratio
New York Community Bancorp has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
New York Community Bancorp has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New York Community Bancorp (NYSE:NYCB) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

NYCB Stock News Headlines

September 18, 2023 | finance.yahoo.com

Five Reasons to Invest in New York Community (NYCB) Stock Now

September 8, 2023 | technews.tmcnet.com

equalpride Joins New York Chapter of the National LGBT Chamber of Commerce

September 25, 2023 | Behind the Markets (Ad)

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September 8, 2023 | msn.com

Home Loans Get New Clarity After Foreclosure Fears

September 6, 2023 | cbsnews.com

CBS New York, community partners help kids get ready for school year

September 6, 2023 | newsweek.com

FDIC to Retain Ownership of Home Loans That Faced Uncertainty

September 6, 2023 | markets.businessinsider.com

New York Community Bancorp Promotes EVP Julie Browne To COO

September 6, 2023 | finance.yahoo.com

NEW YORK COMMUNITY BANCORP, INC. PROMOTES JULIE SIGNORILLE-BROWNE TO SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER

September 25, 2023 | Behind the Markets (Ad)

"Chilling War Games Show US Forces Crushed" – FOX NEWS

September 6, 2023 | finance.yahoo.com

The 3 Most Promising Bank Stocks to Own Now

September 5, 2023 | reuters.com

Buyers sought for Signature Bank's $33 bln CRE portfolio

August 29, 2023 | msn.com

Children’s services included in 36 new businesses in Central New York, 9 businesses close

August 26, 2023 | msn.com

Famed medium Theresa Caputo has new TV show coming, will perform in Detroit

August 25, 2023 | msn.com

New York Community Bancorp: Let It Ride With A House Position

August 10, 2023 | finance.yahoo.com

FLAGSTAR BANK, N.A. HIRES MICHELE CELESTINO TO LEAD PRIVATE BANKING EXPANSION INTO FLORIDA

August 9, 2023 | msn.com

Comercia adds new private wealth management team in SoCal

August 4, 2023 | finance.yahoo.com

FLAGSTAR BANK, N.A. ANNOUNCES GRADUATES OF FOURTH MORTGAGETECH ACCELERATOR

July 31, 2023 | seekingalpha.com

New York Community Bancorp raised to Buy at Deutsche Bank after strong Q2

July 31, 2023 | seekingalpha.com

New York Community Bancorp Gets Upgraded By J.P. Morgan And Still Trades Under Book Value

July 31, 2023 | finance.yahoo.com

10 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

July 29, 2023 | finance.yahoo.com

New York Community Bancorp's (NYSE:NYCB) three-year earnings growth trails the respectable shareholder returns

July 29, 2023 | msn.com

Raymond James Maintains New York Community Bancorp (NYCB) Strong Buy Recommendation

July 29, 2023 | msn.com

JP Morgan Upgrades New York Community Bancorp (NYCB)

July 28, 2023 | marketwatch.com

New York Community Bancorp’s profit up 148% with boost from Signature Bank acquisition, as stock rises

July 28, 2023 | finance.yahoo.com

NY Community Rises as Longtime Skeptic Turns Bullish on Bank Growth

July 28, 2023 | finance.yahoo.com

New York Community (NYCB) Q2 Earnings Beat, Stock Rises 5.1%

July 28, 2023 | benzinga.com

New York Community Bancorp Q2 Earnings Beat Estimates Aided By Higher Interest Rate Environment

See More Headlines

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NYCB Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/17 Dividend: 8/04/2023
Dividend Payable: 8/17/2023
Today: 9/25/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Savings institutions, except federal
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NYSE:NYCB
Previous Symbol: NYSE:NYB
CUSIP: 64944510
CIK: 910073
Web: www.mynycb.com
Phone: (516) 683-4100
Fax: 516-683-8385
Employees: 7,497
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.25
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $8.50
Forecasted Upside/Downside: +10.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.85
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.02
Trailing P/E Ratio: 2.77
Forward P/E Ratio: 7.73
P/E Growth: 0.77
Net Income: $650 million
Net Margins: 43.28%
Pretax Margin: 45.57%
Return on Equity: 9.29%
Return on Assets: 0.83%

Debt

Debt-to-Equity Ratio: 1.55
Current Ratio: 1.14
Quick Ratio: 1.11

Sales & Book Value

Annual Sales: $2.34 billion
Price / Sales: 3.44
Cash Flow: $0.91 per share
Price / Cash Flow: 12.19
Book Value: $12.22 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 722,470,000
Free Float: 710,771,000
Market Cap: $8.04 billion
Optionable: Optionable
Beta: 1.12

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Key Executives

Mr. Thomas Robert Cangemi CPA (Age 54)
Pres, CEO & Director
Comp: $3.28M

Mr. John J. Pinto CPA (Age 52)
Sr. EVP, CFO & Principal Financial Officer
Comp: $1.59M

Mr. John T. Adams (Age 60)
Sr. Exec. VP & Pres of Commercial Real Estate Lending
Comp: $1.1M

Mr. Reginald E. Davis (Age 61)
Sr. Exec. VP & Pres of Banking
Comp: $493.85k

Mr. Lee Matthew Smith (Age 48)
Sr. Exec. VP & Pres of Mortgage
Comp: $809.78k

Ms. Julie Signorille-Browne
Sr. EVP, COO & Chief Admin. Officer

Mr. Bryan L. Marx (Age 47)
Exec. VP, Chief Accounting Officer & Principal Accounting Officer

Ms. Jennifer Charters
Exec. VP & Chief Information Officer

Mr. Salvatore J. DiMartino
Exec. VP, Chief of Staff to the CEO & Director of Investor Relations

Mr. R. Patrick Quinn Esq. (Age 61)
J.D., Sr. Exec. VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NYCB Stock - Frequently Asked Questions

Should I buy or sell New York Community Bancorp stock right now?: 13 Wall Street 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 research analysts is that investors should "moderate buy" NYCB shares.
View NYCB analyst ratings or view top-rated stocks.
What is New York Community Bancorp's stock price forecast for 2023?: 13 brokerages have issued 1 year 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 share price to reach $12.25 in the next twelve months. This suggests a possible upside of 10.1% 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 2023?: New York Community Bancorp's stock was trading at $8.60 on January 1st, 2023. Since then, NYCB shares have increased by 29.4% and is now trading at $11.13.
View the best growth stocks for 2023 here.
Are investors shorting New York Community Bancorp?: New York Community Bancorp saw a decline in short interest in August. As of August 15th, there was short interest totaling 30,580,000 shares, a decline of 16.3% from the July 31st total of 36,550,000 shares. Based on an average daily trading volume, of 9,350,000 shares, the short-interest ratio is currently 3.3 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 Wednesday, October 25th 2023.
View our NYCB earnings forecast.
How were New York Community Bancorp's earnings last quarter?: New York Community Bancorp, Inc. (NYSE:NYCB) released its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. The financial services provider earned $1.20 billion during 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%.
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, 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 annualized dividend and a yield of 6.11%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for NYCB.
What ETFs hold New York Community Bancorp's stock?: 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).

Is New York Community Bancorp a good dividend stock?: New York Community Bancorp (NYSE:NYCB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.11%. 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.
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).
What is New York Community Bancorp's stock symbol?: New York Community Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NYCB."
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 shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is New York Community Bancorp's stock price today?: One share of NYCB stock can currently be purchased for approximately $11.13.
How much money does New York Community Bancorp make?: New York Community Bancorp (NYSE:NYCB) has a market capitalization of $8.04 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.
How many employees does New York Community Bancorp have?: The company employs 7,497 workers across the globe.
How can I contact New York Community Bancorp?: 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.

This page (NYSE:NYCB) was last updated on 9/25/2023 by MarketBeat.com Staff

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