New York Community Bancorp Inc. (NYSE:NYCB) has a beta value of 0.99 and has seen 0.71 million shares traded in the recent trading session. The company, currently valued at $4.12B, closed the recent trade at $11.06 per share which meant it lost -$0.13 on the day or -1.21% during that session. The NYCB stock price is -215.73% off its 52-week high price of $34.92 and 53.89% 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 10.23 million shares traded. The 3-month trading volume is 7.29 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 2.75. 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 -0.39.
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New York Community Bancorp Inc. (NYSE:NYCB) trade information
Sporting -1.21% in the red 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 $11.06 or saw a rise of 10.95%. Year-to-date, New York Community Bancorp Inc. shares have moved -63.98%, while the 5-day performance has seen it change -7.87%. Over the past 30 days, the shares of New York Community Bancorp Inc. (NYSE:NYCB) have changed -2.08%. Short interest in the company has seen 39.08 million shares shorted with days to cover at 6.62.
Wall Street analysts have a consensus price target for the stock at $9.75, which means that the shares’ value could drop -13.44% 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 5.06% off the targeted high while a plunge would see the stock lose 68.35% 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 gained 10.66% over the past 6 months, with this year growth rate of -201.25%, compared to -10.70% for the industry. Revenue growth from the last financial year stood is estimated to be -37.10%.
11 analysts offering their estimates for the company have set an average revenue estimate of 522.65M for the current quarter. 10 have an estimated revenue figure of 527.98M for the next ending quarter.
Earnings growth for 2024 is a modest -126.79% 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 on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 2.17%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.48%.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
Insiders own 0.49% of the company shares, while shares held by institutions stand at 67.96% with a share float percentage of 68.30%. Investors are also buoyed by the number of investors in a company, with New York Community Bancorp Inc. having a total of 557.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 108.19 million shares worth more than $348.38 million. As of 2024-06-30, BLACKROCK INC. held 14.6195% of shares outstanding.
The other major institutional holder is HUDSON BAY CAPITAL MANAGEMENT LP, with the holding of over 88.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $227.07 million and represent 11.9113% 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 Aug 31, 2024, the former fund manager holds about 2.21% shares in the company for having 8.22 shares of worth $90.35 million while later fund manager owns 7.9 shares of worth $86.77 million as of Jun 30, 2024, which makes it owner of about 2.12% of company’s outstanding stock.
