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Now Is A Good Time To Buy New York Community Bancorp Inc. (NYSE: NYCB)

During the recent session, New York Community Bancorp Inc. (NYSE:NYCB)’s traded shares were 1.41 million, with the beta value of the company hitting 0.99. At the last check today, the stock’s price was $10.08, reflecting an intraday loss of -2.35% or -$0.24. The 52-week high for the NYCB share is $14.33, that puts it down -42.16 from that peak though still a striking 15.67% gain since the share price plummeted to a 52-week low of $8.50. The company’s market capitalization is $4.59B, and the average intraday trading volume over the past 10 days was 7.28 million shares, and the average trade volume was 7.10 million shares over the past three months.

New York Community Bancorp Inc. (NYSE:NYCB) trade information

New York Community Bancorp Inc. (NYCB) registered a -2.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.35% in intraday trading to $10.08 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -2.64%, and it has moved by 11.69% in 30 days. Based on these gigs, the overall price performance for the year is -14.36%. The short interest in New York Community Bancorp Inc. (NYSE:NYCB) is 47.12 million shares and it means that shorts have 7.82 day(s) to cover.

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New York Community Bancorp Inc. (NYCB) estimates and forecasts

Statistics show that New York Community Bancorp Inc. has outperformed its competitors in share price, compared to the industry in which it operates. New York Community Bancorp Inc. (NYCB) shares have gone down -10.49% during the last six months, with a year-to-date growth rate more than the industry average at 5.65% against -7.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 3.20% this quarter and then jump 3.20% in the quarter after that. In the rating firms’ projections, revenue will increase 21.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $365.8 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $522.62 million by the end of Dec 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.40%. While earnings are projected to return 37.40% in 2022.

NYCB Dividends

New York Community Bancorp Inc. is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for New York Community Bancorp Inc. is 0.68, with the dividend yield indicating at 6.59 percent, continuing the trend of increasing dividends in recent years.

New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders

New York Community Bancorp Inc. insiders own 1.65% of total outstanding shares while institutional holders control 63.49%, with the float percentage being 64.55%. Blackrock Inc. is the largest shareholder of the company, while 582 institutions own stock in it. As of Mar 30, 2022, the company held over 51.74 million shares (or 11.08% of all shares), a total value of $554.71 million in shares.

The next largest institutional holding, with 42.11 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.02% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $451.4 million.

Also, the Mutual Funds coming in first place with the largest holdings of New York Community Bancorp Inc. (NYCB) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that iShares Core S&P Midcap ETF owns about 13.42 million shares. This amounts to just over 2.87 percent of the company’s overall shares, with a $122.51 million market value. The same data shows that the other fund manager holds slightly less at 12.29 million, or about 2.63% of the stock, which is worth about $131.73 million.

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