In last trading session, New York Community Bancorp Inc. (NYSE:NYCB) saw 4.81 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $12.29 trading at -$0.17 or -1.36% at ring of the bell on the day assigns it a market valuation of $5.74B. That closing price of NYCB’s stock is at a discount of -7.65% from its 52-week high price of $13.23 and is indicating a premium of 37.18% from its 52-week low price of $7.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.41 million shares which gives us an average trading volume of 6.34 million if we extend that period to 3-months.
For New York Community Bancorp Inc. (NYCB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 14 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.32 in the current quarter.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
Upright in the red during last session for losing -1.36%, in the last five days NYCB remained trading in the red while hitting it’s week-highest on Tuesday, 09/07/21 when the stock touched $12.29 price level, adding 2.92% to its value on the day. New York Community Bancorp Inc.’s shares saw a change of 16.49% in year-to-date performance and have moved -1.84% in past 5-day. New York Community Bancorp Inc. (NYSE:NYCB) showed a performance of 0.57% in past 30-days. Number of shares sold short was 35.81 million shares which calculate 5.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $15.42 to the stock, which implies a rise of 20.3% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $19.00. It follows that stock’s current price would drop -54.6% in reaching the projected high whereas dropping to the targeted low would mean a gain of 2.36% for stock’s current value.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
Statistics highlight that New York Community Bancorp Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -2.92% of value to its shares in past 6 months, showing an annual growth rate of 44.83% while that of industry is 21.50. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 39.10% in the current quarter and calculating -15.40% decrease in the next quarter. This year revenue growth is estimated to rise 20.30% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $332.08 million for the same. And 5 analysts are in estimates of company making revenue of $339.76 million in the next quarter that will end on Dec 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 57.70% during past 5 years.
New York Community Bancorp Inc. is more likely to be releasing its next quarterly report between October 26 and November 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.53%, the share has a forward dividend of 0.68 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 5.88%.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
Insiders are in possession of 1.96% of company’s total shares while institution are holding 59.27 percent of that, with stock having share float percentage of 60.46%. Investors also watch the number of corporate investors in a company very closely, which is 59.27% institutions for New York Community Bancorp Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NYCB for having 56.78 million shares of worth $716.5 million. And as of Mar 30, 2021, it was holding 12.21% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 44.32 million shares on Mar 30, 2021. The number of shares represents firm’s hold over 9.53% of outstanding shares, having a total worth of $559.29 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2021, the former fund manager was holding 12.73 million shares of worth $152.19 million or 2.74% of the total outstanding shares. The later fund manager was in possession of 12.47 million shares on Mar 30, 2021, making its stake of worth around $157.42 million in the company or a holder of 2.68% of company’s stock.