New York Community Bancorp Inc. (NYSE:NYCB)’s traded shares stood at 4.66 million during the latest session, with the company’s beta value hitting 0.99. At the last check today, the stock’s price was $10.48, to imply a decrease of -8.89% or -$1.02 in intraday trading. The NYCB share’s 52-week high remains $34.47, putting it -228.91% down since that peak but still an impressive 51.34% since price per share fell to its 52-week low of $5.10. The company has a valuation of $4.35B, with an average of 5.62 million shares in intraday trading volume over the past 10 days and average of 6.27 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for New York Community Bancorp Inc. (NYCB), translating to a mean rating of 2.69. Of 3 analyst(s) looking at the stock, 0 analyst(s) give NYCB a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy.
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New York Community Bancorp Inc. (NYSE:NYCB) trade information
After registering a -8.89% downside in the latest session, New York Community Bancorp Inc. (NYCB) has traded red over the past five days. The 5-day price performance for the stock is -13.97%, and -8.25% over 30 days. With these gigs, the year-to-date price performance is -65.86%. Short interest in New York Community Bancorp Inc. (NYSE:NYCB) saw shorts transact 39.03 million shares and set a 5.32 days time to cover.
The extremes give us $3.5 and $10.5 for target low and target high price respectively. As such, NYCB has been trading -0.19% off suggested target high and 66.6% from its likely low.
New York Community Bancorp Inc. (NYCB) estimates and forecasts
Looking at statistics comparing New York Community Bancorp Inc. share performance against respective industry, we note that the company has underperformed competitors. New York Community Bancorp Inc. (NYCB) shares are 17.60% up over the last 6 months, with its year-to-date growth rate lower than industry average at -200.42% against -9.40%.
NYCB Dividends
New York Community Bancorp Inc. has its next earnings report out on 2024-Oct-25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. New York Community Bancorp Inc. has a forward dividend ratio of 0.24, with the share yield ticking at 2.29% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 7.49%.
New York Community Bancorp Inc. (NYSE:NYCB)’s Major holders
New York Community Bancorp Inc. insiders hold 0.44% of total outstanding shares, with institutional holders owning 69.98% of the shares at 70.29% float percentage. In total, 69.98% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 108.19 million shares (or 14.6195% of shares), all amounting to roughly $348.38 million.
The next major institution holding the largest number of shares is HUDSON BAY CAPITAL MANAGEMENT LP with 88.15 million shares, or about 11.9113% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $227.07 million.
