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 twelve months. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NYCB shares.
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13 brokerages have issued 12 month target prices for New York Community Bancorp's stock. Their NYCB share price forecasts range from $8.50 to $13.00. On average, they predict the company's share price to reach $10.54 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
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New York Community Bancorp's stock was trading at $8.60 at the start of the year. Since then, NYCB stock has increased by 21.9% and is now trading at $10.48.
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New York Community Bancorp saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 46,720,000 shares, an increase of 14.6% from the April 15th total of 40,760,000 shares. Based on an average daily trading volume, of 17,650,000 shares, the days-to-cover ratio is currently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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New York Community Bancorp, Inc. (NYSE:NYCB) issued its quarterly earnings results on Friday, April, 28th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The financial services provider had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $623.11 million. New York Community Bancorp had a trailing twelve-month return on equity of 8.25% and a net margin of 49.74%. New York Community Bancorp's revenue for the quarter was up 666.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share.

New York Community Bancorp declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.17 per share on Thursday, May 18th. This represents a $0.68 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date is Friday, May 5th.
Read our dividend analysis for NYCB.

ETFs with the largest weight of New York Community Bancorp (NYSE:NYCB) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Sound Equity Income ETF (SDEI), Invesco KBW Regional Banking ETF (KBWR), WBI Power Factor High Dividend ETF (WBIY), Invesco KBW High Dividend Yield Financial ETF (KBWD), Global SuperDividend US ETF (DIV) and SPDR S&P Bank ETF (KBE).

New York Community Bancorp (NYSE:NYCB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 6.56%. NYCB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYCB will have a dividend payout ratio of 47.55% 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 number of institutional and retail investors. Top institutional investors include State Street Corp (4.90%), Dimensional Fund Advisors LP (4.79%), Wellington Management Group LLP (1.65%), Geode Capital Management LLC (1.33%), Bank of New York Mellon Corp (1.20%) and Brandywine Global Investment Management LLC (1.10%). 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 $10.48.

New York Community Bancorp (NYSE:NYCB) has a market capitalization of $7.57 billion and generates $2.34 billion in revenue each year. The financial services provider earns $650 million in net income (profit) each year or $3.81 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.