New York Community Bancorp Inc. (NYSE:NYCB) has a beta value of 0.99 and has seen 5.34 million shares traded in the last trading session. The company, currently valued at $4.46B, closed the last trade at $9.45 per share which meant it lost -$0.09 on the day or -0.94% during that session. The NYCB stock price is -51.64% off its 52-week high price of $14.33 and 10.05% above the 52-week low of $8.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.66 million shares traded. The 3-month trading volume is 5.13 million shares.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
Sporting -0.94% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the NYCB stock price touched $9.45 or saw a rise of 3.47%. Year-to-date, New York Community Bancorp Inc. shares have moved -22.60%, while the 5-day performance has seen it change -1.66%. Over the past 30 days, the shares of New York Community Bancorp Inc. (NYSE:NYCB) have changed -12.01%. Short interest in the company has seen 47.12 million shares shorted with days to cover at 7.82.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
Figures show that New York Community Bancorp Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -13.22% over the past 6 months, with this year growth rate of 4.84%, compared to -6.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 3.20% and 3.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 21.90%.
8 analysts offering their estimates for the company have set an average revenue estimate of $365.8 million for the current quarter. 8 have an estimated revenue figure of $522.62 million for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.40% over the past 5 years.
New York Community Bancorp Inc. is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.68 at a share yield of 7.20%. The company’s dividend yield has gone up over the past 12 months.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
Insiders own 1.65% of the company shares, while shares held by institutions stand at 63.49% with a share float percentage of 64.55%. Investors are also buoyed by the number of investors in a company, with New York Community Bancorp Inc. having a total of 582 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 51.74 million shares worth more than $554.71 million. As of Mar 30, 2022, Blackrock Inc. held 11.08% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 42.11 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $451.4 million and represent 9.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.87% shares in the company for having 13.42 million shares of worth $122.51 million while later fund manager owns 12.29 million shares of worth $131.73 million as of Mar 30, 2022, which makes it owner of about 2.63% of company’s outstanding stock.