New York Community Bancorp Inc. (NYSE:NYCB) has a beta value of 1.00 and has seen 7.47 million shares traded in the last trading session. The company, currently valued at $6.40B, closed the last trade at $9.69 per share which meant it lost -$0.07 on the day or -0.72% during that session. The NYCB stock price is -30.13% off its 52-week high price of $12.61 and 15.69% above the 52-week low of $8.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.73 million shares traded. The 3-month trading volume is 12.61 million shares.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
Sporting -0.72% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the NYCB stock price touched $9.69 or saw a rise of 1.12%. Year-to-date, New York Community Bancorp Inc. shares have moved 12.67%, while the 5-day performance has seen it change 0.62%. Over the past 30 days, the shares of New York Community Bancorp Inc. (NYSE:NYCB) have changed 10.87%. Short interest in the company has seen 47.89 million shares shorted with days to cover at 6.01.
Wall Street analysts have a consensus price target for the stock at $10.07, which means that the shares’ value could jump 3.77% from current levels. The projected low price target is $8.50 while the price target rests at a high of $12.50. In that case, then, we find that the current price level is -29.0% off the targeted high while a plunge would see the stock lose 12.28% from current levels.
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 gained 1.68% over the past 6 months, with this year growth rate of 0.81%, compared to -0.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -3.20% and -9.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.80%.
8 analysts offering their estimates for the company have set an average revenue estimate of $503.98 million for the current quarter. 7 have an estimated revenue figure of $559.48 million for the next quarter concluding in Mar 2023. Year-ago sales stood $322 million and $332 million respectively for this quarter and the next, and analysts expect sales will grow by 56.50% for the current quarter and 68.50% for the next.
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. Earnings growth for 2023 is a modest 37.40% while over the next 5 years, the company’s earnings are expected to decrease by -0.30%.
New York Community Bancorp Inc. is expected to release its next earnings report between January 24 and January 30 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 7.02%. 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 1.66% of the company shares, while shares held by institutions stand at 64.01% with a share float percentage of 65.09%. Investors are also buoyed by the number of investors in a company, with New York Community Bancorp Inc. having a total of 569 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 53.52 million shares worth more than $488.63 million. As of Jun 29, 2022, Blackrock Inc. held 11.48% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 43.86 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $400.43 million and represent 9.41% 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 Sep 29, 2022, the former fund manager holds about 2.90% shares in the company for having 13.53 million shares of worth $115.44 million while later fund manager owns 13.08 million shares of worth $119.46 million as of Jun 29, 2022, which makes it owner of about 2.81% of company’s outstanding stock.