New York Community Bancorp Inc. (NYSE: NYCB) closed the day trading at $3.51 down -3.31% from the previous closing price of $3.63. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 23819260 shares were traded.
Ratios:
For a better understanding of NYCB, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 09 ’24 when Schoels Peter bought 100,000 shares for $4.15 per share. The transaction valued at 414,750 led to the insider holds 147,438 shares of the business.
DiNello Alessandro bought 50,000 shares of NYCB for $209,480 on Feb 09 ’24. The Executive Chairman now owns 114,305 shares after completing the transaction at $4.19 per share. On Feb 09 ’24, another insider, Smith Lee Matthew, who serves as the SEVP & President of Mortgage of the company, bought 25,000 shares for $4.05 each. As a result, the insider paid 101,250 and bolstered with 1,440,683 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 2.90B. 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 0.32.
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 6.3536, while the 200-Day Moving Average is calculated to be 9.8309.
Shares Statistics:
Over the past 3-months, NYCB traded about 37.74M shares per day on average, while over the past 10 days, NYCB traded about 66.23M shares per day. A total of 722.07M shares are outstanding, with a floating share count of 706.45M. Insiders hold about 2.16% of the company’s shares, while institutions hold 69.83% stake in the company. Shares short for NYCB as of Feb 29, 2024 were 45.56M with a Short Ratio of 1.21, 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
NYCB’s forward annual dividend rate is 0.56, up from 0.68 a year ago. Against a Trailing Annual Dividend Yield of 18.73%, it implies a Forward Annual Dividend Yield of 5.51%. 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
Current recommendations for the stock of the company come from 17 analysts. 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
12 analysts predict $653.38M in revenue for the current 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.
