As of close of business last night, New York Community Bancorp Inc.’s stock clocked out at $3.22, down -3.59% from its previous closing price of $3.34. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 45514466 shares were traded. NYCB stock price reached its highest trading level at $3.4100 during the session, while it also had its lowest trading level at $3.1900.
Ratios:
To gain a deeper understanding of NYCB’s stock, we examine its different 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2.57B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.30.
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 5.2664, while the 200-Day Moving Average is calculated to be 9.5351.
Shares Statistics:
It appears that NYCB traded 38.68M shares on average per day over the past three months and 28.44M shares per day over the past ten days. A total of 797.92M shares are outstanding, with a floating share count of 780.63M. Insiders hold about 2.17% of the company’s shares, while institutions hold 63.19% stake in the company. Shares short for NYCB as of Mar 15, 2024 were 67.34M with a Short Ratio of 1.74, compared to 50.6M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.44% and a Short% of Float of 9.46%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.68, NYCB has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 20.36%, it implies a Forward Annual Dividend Yield of 6.21%. The stock’s 5-year Average Dividend Yield is 6.78. 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
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.1 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 $0.04. EPS for the following year is $0.29, with 16 analysts recommending between $0.45 and $0.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $652.49M. 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 24.30% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $645.43M, a decrease of -17.20% less than the figure of $24.30% 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 $2.61B. In the same quarter a year ago, actual revenue was $3.56B, down -26.70% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.75B in the next fiscal year. The high estimate is $3.56B and the low estimate is $2.46B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.
