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New York Community Bancorp Inc. (NYSE:NYCB) jumps 5.10% In 2023; How Attractive Is It At $11.69?

In last trading session, New York Community Bancorp Inc. (NYSE:NYCB) saw 18.33 million shares changing hands with its beta currently measuring 1.12. Company’s recent per share price level of $11.69 trading at -$0.19 or -1.60% at ring of the bell on the day assigns it a market valuation of $8.35B. That closing price of NYCB’s stock is at a discount of -21.64% from its 52-week high price of $14.22 and is indicating a premium of 50.3% from its 52-week low price of $5.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.11 million shares which gives us an average trading volume of 8.54 million if we extend that period to 3-months.

For New York Community Bancorp Inc. (NYCB), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $American Strategic Investment C in the current quarter.

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

Upright in the red during last session for losing -1.60%, in the last five days NYCB remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $11.69 price level, adding 4.02% to its value on the day. New York Community Bancorp Inc.’s shares saw a change of 35.93% in year-to-date performance and have moved -1.60% in past 5-day. New York Community Bancorp Inc. (NYSE:NYCB) showed a performance of -2.50% in past 30-days. Number of shares sold short was 29.28 million shares which calculate 3.67 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $15.34 to the stock, which implies a rise of 23.79% 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 $17.00. It follows that stock’s current price would drop -45.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.65% 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 added 70.41% of value to its shares in past 6 months, showing an annual growth rate of 41.46% while that of industry is -19.60. Apart from that, the company came raising its revenue forecast for fiscal year 2023.

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 9.10% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 5.10% while estimates for its earnings growth in next 5 years are of -0.30%.

NYCB Dividends

New York Community Bancorp Inc. is more likely to be releasing its next quarterly report in October 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.

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

Insiders are in possession of 1.25% of company’s total shares while institution are holding 64.86 percent of that, with stock having share float percentage of 65.68%. Investors also watch the number of corporate investors in a company very closely, which is 64.86% 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 84.61 million shares of worth $951.01 million. And as of Jun 29, 2023, it was holding 11.71% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 73.0 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.10% of outstanding shares, having a total worth of $820.48 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 Aug 30, 2023, the former fund manager was holding 23.28 million shares of worth $285.91 million or 3.22% of the total outstanding shares. The later fund manager was in possession of 22.52 million shares on Jun 29, 2023, making its stake of worth around $253.11 million in the company or a holder of 3.12% of company’s stock.

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