During the recent session, New York Community Bancorp Inc. (NYSE:NYCB)’s traded shares were 4.87 million, with the beta value of the company hitting 0.91. At the last check today, the stock’s price was $3.28, reflecting an intraday gain of 0.77% or $0.03. The 52-week high for the NYCB share is $14.22, that puts it down -333.54 from that peak though still a striking 48.17% gain since the share price plummeted to a 52-week low of $1.70. The company’s market capitalization is $2.61B, and the average intraday trading volume over the past 10 days was 24.26 million shares, and the average trade volume was 40.04 million shares over the past three months.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
New York Community Bancorp Inc. (NYCB) registered a 0.77% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.77% in intraday trading to $3.28, hitting a weekly high. The stock’s 5-day price performance is -1.95%, and it has moved by 1.71% in 30 days. Based on these gigs, the overall price performance for the year is -62.23%. The short interest in New York Community Bancorp Inc. (NYSE:NYCB) is 67.34 million shares and it means that shorts have 1.3 day(s) to cover.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
Statistics show that New York Community Bancorp Inc. has underperformed its competitors in share price, compared to the industry in which it operates. New York Community Bancorp Inc. (NYCB) shares have gone down -69.53% during the last six months, with a year-to-date growth rate less than the industry average at -91.25% against -12.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -143.50% this quarter and then drop -97.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -26.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $651.32 million as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $643.83 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $524.83 million and $779.64 million respectively. In this case, analysts expect current quarter sales to grow by 24.10% and then drop by -17.40% in the coming quarter.
NYCB Dividends
New York Community Bancorp Inc. is due to release its next quarterly earnings between April 26 and April 30. 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 0.56, with the dividend yield indicating at 17.10 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 1.32% of total outstanding shares while institutional holders control 68.73%, with the float percentage being 69.65%. Blackrock Inc. is the largest shareholder of the company, while 677 institutions own stock in it. As of Jun 29, 2023, the company held over 84.61 million shares (or 11.71% of all shares), a total value of $951.01 million in shares.
The next largest institutional holding, with 73.0 million shares, is of Vanguard Group Inc’s that is approximately 10.10% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $820.48 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 Sep 29, 2023 indicates that iShares Core S&P Midcap ETF owns about 22.6 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $256.23 million market value. The same data shows that the other fund manager holds slightly less at 22.52 million, or about 3.12% of the stock, which is worth about $253.11 million.
