During the last session, New York Community Bancorp Inc. (NYSE:NYCB)’s traded shares were 6.29 million, with the beta value of the company hitting 0.98. At the end of the trading day, the stock’s price was $11.18, reflecting an intraday gain of 0.81% or $0.09. The 52-week high for the NYCB share is $42.66, that puts it down -281.57 from that peak though still a striking 54.38% gain since the share price plummeted to a 52-week low of $5.10. The company’s market capitalization is $3.93B, and the average intraday trading volume over the past 10 days was 7.28 million shares, and the average trade volume was 6.12 million shares over the past three months.
New York Community Bancorp Inc. (NYCB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.78. NYCB has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.42.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
New York Community Bancorp Inc. (NYSE:NYCB) trade information
New York Community Bancorp Inc. (NYCB) registered a 0.81% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.81% in intraday trading to $11.18, hitting a weekly high. The stock’s 5-day price performance is 1.54%, and it has moved by 21.39% in 30 days. Based on these gigs, the overall price performance for the year is -69.25%. The short interest in New York Community Bancorp Inc. (NYSE:NYCB) is 31.76 million shares and it means that shorts have 5.27 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $3.5 and $9 respectively. As a result, NYCB is trading at a premium of 19.5% off the target high and 68.69% off the low.
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 -62.09% during the last six months, with a year-to-date growth rate less than the industry average at -158.33% against -10.40. In the rating firms’ projections, revenue will decrease -31.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 600.96M as predicted by 12 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 601.53M by the end of current fiscal year.
While earnings are projected to return -119.60% in 2024, the next five years will return -0.30% per annum.
NYCB Dividends
New York Community Bancorp Inc. is due to release its next quarterly earnings in August. 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 1.20, with the dividend yield indicating at 10.73 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 7.3%.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
New York Community Bancorp Inc. insiders own 0.52% of total outstanding shares while institutional holders control 55.45% , with the float percentage being 55.74% . VANGUARD GROUP INC is the largest shareholder of the company, while 593 institutions own stock in it. As of 2024-03-31, the company held over 70.14 million shares (or 9.8287% of all shares), a total value of $225.86 million in shares.
The next largest institutional holding, with 62.79 million shares, is of BLACKROCK INC.’s that is approximately 8.799% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $202.19 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 May 31, 2024 indicates that iShares Core S&P Midcap ETF owns about 7.54 shares. This amounts to just over 0.72 percent of the company’s overall shares, with a $84.34 million market value. The same data shows that the other fund manager holds slightly less at 7.16, or about 0.68% of the stock, which is worth about $80.04 million.
