In the latest session, New York Community Bancorp Inc. (NYSE: NYCB) closed at $3.54 down -4.58% from its previous closing price of $3.71. In other words, the price has decreased by -$0.1700 from its previous closing price. On the day, 16193920 shares were traded.
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Ratios:
For a deeper understanding of New York Community Bancorp Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 2.60 whereas as Long-Term Debt/Eq ratio is at 1.71.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $4.
Piper Sandler Downgraded its Overweight to Neutral on March 01, 2024, whereas the target price for the stock was revised from $8 to $5.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 21 ’24 when Lux Marshall bought 27,100 shares for $3.69 per share. The transaction valued at 99,891 led to the insider holds 64,872 shares of the business.
Schoels Peter bought 100,000 shares of NYCB for $414,750 on Feb 09 ’24. The Director now owns 147,438 shares after completing the transaction at $4.15 per share. On Feb 09 ’24, another insider, DiNello Alessandro, who serves as the Executive Chairman of the company, bought 50,000 shares for $4.19 each. As a result, the insider paid 209,480 and bolstered with 114,305 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NYCB now has a Market Capitalization of 2.82B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.33.
Stock Price History:
Over the past 52 weeks, NYCB has reached a high of $14.22, while it has fallen to a 52-week low of $1.70. The 50-Day Moving Average of the stock is 5.7998, while the 200-Day Moving Average is calculated to be 9.6888.
Shares Statistics:
For the past three months, NYCB has traded an average of 38.31M shares per day and 35.16M over the past ten days. A total of 797.92M shares are outstanding, with a floating share count of 780.64M. Insiders hold about 2.16% of the company’s shares, while institutions hold 63.20% stake in the company. Shares short for NYCB as of Feb 29, 2024 were 45.56M with a Short Ratio of 1.19, compared to 21.48M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.31% and a Short% of Float of 7.17%.
Dividends & Splits
According to the company, the forward annual dividend rate for NYCB is 0.56, from 0.68 in the trailing year. Against a Trailing Annual Dividend Yield of 18.33%, it implies a Forward Annual Dividend Yield of 5.65%. The stock’s 5-year Average Dividend Yield is 6.59. The current Payout Ratio is 54.17% for NYCB, which recently paid a dividend on Feb 28, 2024 with an ex-dividend date of Feb 13, 2024. Stock splits for the company last occurred on Feb 18, 2004 when the company split stock in a 4:3 ratio.
Earnings Estimates
There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of $0.17 and a low estimate of -$0.47, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.02, with high estimates of $0.2 and low estimates of -$0.13.
Analysts are recommending an EPS of between $0.79 and -$0.33 for the fiscal current year, implying an average EPS of $0.07. EPS for the following year is $0.3, with 16 analysts recommending between $0.45 and $0.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $653.38M this quarter.It ranges from a high estimate of $773.8M to a low estimate of $579M. As of the current estimate, New York Community Bancorp Inc.’s year-ago sales were $524.83M, an estimated increase of 24.50% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $647.63M, a decrease of -16.90% less than the figure of $24.50% in the same quarter last year. There is a high estimate of $765.21M for the next quarter, whereas the lowest estimate is $556M.
A total of 13 analysts have provided revenue estimates for NYCB’s current fiscal year. The highest revenue estimate was $3.12B, while the lowest revenue estimate was $2.27B, resulting in an average revenue estimate of $2.62B. In the same quarter a year ago, actual revenue was $3.56B, down -26.50% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.76B in the next fiscal year. The high estimate is $3.56B and the low estimate is $2.52B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.
