In today’s recent session, 5.35 million shares of the New York Community Bancorp Inc. (NYSE:NYCB) have been traded, and its beta is 0.92. Most recently the company’s share price was $3.05, and it changed around $0.1 or 3.31% from the last close, which brings the market valuation of the company to $2.43B. NYCB at last check was trading at a discount to its 52-week high of $14.22, offering almost -366.23% off that amount. The share price’s 52-week low was $1.70, which indicates that the recent value has risen by an impressive 44.26% since then. We note from New York Community Bancorp Inc.’s average daily trading volume that its 3-month average coming to 41.38 million.
New York Community Bancorp Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 3 out of 14 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended NYCB as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. New York Community Bancorp Inc. is expected to report earnings per share of -$0.15 for the current quarter.
New York Community Bancorp Inc. (NYSE:NYCB) trade information
Instantly NYCB has been showing a green trend so far today with a performance of 3.31% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -70.21% year-to-date, but still up 4.73% over the last five days. On the other hand, New York Community Bancorp Inc. (NYSE:NYCB) is -17.86% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $6.38, which translates to bulls needing to increase their stock price by 52.19% from its current value. Analyst projections state that NYCB is forecast to be at a low of $3.75 and a high of $9.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
New York Community Bancorp Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -70.89 percent over the past six months and at a -110.00% annual growth rate that is well below the industry average of -12.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -165.20% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be -27.10%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $651.43 million in revenue for the current quarter. 13 analysts expect New York Community Bancorp Inc. to make $640.3 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $524.83 million and $779.64 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.10%. Forecasts for the next quarter put sales growth at -17.90%.
New York Community Bancorp Inc. earnings are expected to increase by -106.01% in 2024, but the outlook is negative -0.30% per year for the next five years.
NYCB Dividends
New York Community Bancorp Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 18.38 percent and its annual dividend per share was 0.56. It is important to note, however, that the 18.38% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
