New York Community Bancorp Inc. (NYSE:NYCB) has a beta value of 0.95 and has seen 59.45 million shares traded in the last trading session. The company, currently valued at $2.82B, closed the last trade at $3.90 per share which meant it gained $0.15 on the day or 4.00% during that session. The NYCB stock price is -264.62% off its 52-week high price of $14.22 and 56.41% above the 52-week low of $1.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 77.86 million shares traded. The 3-month trading volume is 37.03 million shares.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
Sporting 4.00% in the green in last session, the stock has traded in the green over the last five days, when the NYCB stock price touched $3.90 or saw a rise of 3.23%. Year-to-date, New York Community Bancorp Inc. shares have moved -61.88%, while the 5-day performance has seen it change 14.04%. Over the past 30 days, the shares of New York Community Bancorp Inc. (NYSE:NYCB) have changed -15.95%. Short interest in the company has seen 45.56 million shares shorted with days to cover at 0.89.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
Figures show that New York Community Bancorp Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -67.17% over the past 6 months, with this year growth rate of -83.75%, compared to -11.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -134.80% and -95.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -26.50%.
12 analysts offering their estimates for the company have set an average revenue estimate of $653.38 million for the current quarter. 12 have an estimated revenue figure of $647.63 million for the next quarter concluding in Jun 2024. Year-ago sales stood $524.83 million and $779.64 million respectively for this quarter and the next, and analysts expect sales will grow by 24.50% for the current quarter and -16.90% for the next.
Earnings growth for 2024 is a modest -105.33% while over the next 5 years, the company’s earnings are expected to decrease by -0.30%.
NYCB Dividends
New York Community Bancorp Inc. is expected to release its next earnings report between April 26 and April 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.56 at a share yield of 14.36%. 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 1.28% of the company shares, while shares held by institutions stand at 68.69% with a share float percentage of 69.58%. Investors are also buoyed by the number of investors in a company, with New York Community Bancorp Inc. having a total of 682 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 84.61 million shares worth more than $951.01 million. As of Jun 29, 2023, Blackrock Inc. held 11.71% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 73.0 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $820.48 million and represent 10.10% 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, 2023, the former fund manager holds about 3.13% shares in the company for having 22.6 million shares of worth $256.23 million while later fund manager owns 22.52 million shares of worth $253.11 million as of Jun 29, 2023, which makes it owner of about 3.12% of company’s outstanding stock.
