New York Community Bancorp Inc. (NYSE:NYCB) has a beta value of 1.00 and has seen 1.3 million shares traded in the recent trading session. The company, currently valued at $3.35B, closed the recent trade at $9.53 per share which meant it gained $0.18 on the day or 1.93% during that session. The NYCB stock price is -314.8% off its 52-week high price of $39.53 and 46.48% above the 52-week low of $5.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.06 million shares traded. The 3-month trading volume is 6.23 million shares.
The consensus among analysts is that New York Community Bancorp Inc. (NYCB) is Hold stock at the moment, with a recommendation rating of 2.88. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.37.
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New York Community Bancorp Inc. (NYSE:NYCB) trade information
Sporting 1.93% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NYCB stock price touched $9.53 or saw a rise of 5.46%. Year-to-date, New York Community Bancorp Inc. shares have moved -68.95%, while the 5-day performance has seen it change -5.46%. Over the past 30 days, the shares of New York Community Bancorp Inc. (NYSE:NYCB) have changed -13.44%. Short interest in the company has seen 38.41 million shares shorted with days to cover at 5.68.
Wall Street analysts have a consensus price target for the stock at $9.75, which means that the shares’ value could jump 2.26% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $10.5. In that case, then, we find that the latest price level in today’s session is -10.18% off the targeted high while a plunge would see the stock lose 63.27% from the levels at last check today.
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 -35.17% over the past 6 months, with this year growth rate of -202.50%, compared to -10.70% for the industry. Revenue growth from the last financial year stood is estimated to be -37.00%.
9 analysts offering their estimates for the company have set an average revenue estimate of 521.66M for the current quarter. 9 have an estimated revenue figure of 528.07M for the next ending quarter.
Earnings growth for 2024 is a modest -126.12% while over the next 5 years, the company’s earnings are expected to decrease by -0.30%.
NYCB Dividends
The forward dividend is 1.20 at a share yield of 12.59%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.39%.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
Insiders own 0.52% of the company shares, while shares held by institutions stand at 53.83% with a share float percentage of 54.11%. Investors are also buoyed by the number of investors in a company, with New York Community Bancorp Inc. having a total of 565.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 70.14 million shares worth more than $225.86 million. As of 2024-03-31, VANGUARD GROUP INC held 9.8287% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 62.79 million shares as of 2024-03-31. The firm’s total holdings are worth over $202.19 million and represent 8.799% 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 Jun 30, 2024, the former fund manager holds about 0.77% shares in the company for having 8.1 shares of worth $76.8 million while later fund manager owns 7.16 shares of worth $67.91 million as of Mar 31, 2024, which makes it owner of about 0.68% of company’s outstanding stock.
