The price of New York Community Bancorp Inc. (NYSE: NYCB) closed at $3.42 in the last session, down -6.56% from day before closing price of $3.66. In other words, the price has decreased by -$0.2400 from its previous closing price. On the day, 64012139 shares were traded. NYCB stock price reached its highest trading level at $3.8500 during the session, while it also had its lowest trading level at $3.3200.
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Ratios:
We take a closer look at NYCB’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.97 whereas as Long-Term Debt/Eq ratio is at 1.97.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $4.
On March 01, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $8 to $5.
DA Davidson Downgraded its Buy to Neutral on February 08, 2024, whereas the target price for the stock was revised from $8.50 to $5.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2.47B. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.02, and their Forward P/E ratio for the next fiscal year is 9.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.24.
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 7.1538, while the 200-Day Moving Average is calculated to be 10.0371.
Shares Statistics:
According to the various share statistics, NYCB traded on average about 34.16M shares per day over the past 3-months and 72.96M shares per day over the past 10 days. A total of 722.07M shares are outstanding, with a floating share count of 708.15M. Insiders hold about 1.93% of the company’s shares, while institutions hold 69.82% stake in the company. Shares short for NYCB as of Feb 15, 2024 were 50.6M with a Short Ratio of 1.48, compared to 25.93M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.01% and a Short% of Float of 7.96%.
Dividends & Splits
The forward annual dividend rate for NYCB is 0.56, which was 0.68 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 18.58%, it implies a Forward Annual Dividend Yield of 5.85%. The stock’s 5-year Average Dividend Yield is 6.59. The current Payout Ratio is 20.78% 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
The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.2 and a low estimate of -$0.18, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.1, with high estimates of $0.22 and low estimates of -$0.13.
Analysts are recommending an EPS of between $0.9 and -$0.21 for the fiscal current year, implying an average EPS of $0.45. EPS for the following year is $0.61, with 16 analysts recommending between $1.24 and $0.15.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $668.58M. It ranges from a high estimate of $773.8M to a low estimate of $624M. As of the current estimate, New York Community Bancorp Inc.’s year-ago sales were $524.83M, an estimated increase of 27.40% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $671.8M, a decrease of -13.80% less than the figure of $27.40% in the same quarter last year. There is a high estimate of $765.21M for the next quarter, whereas the lowest estimate is $598.89M.
A total of 12 analysts have provided revenue estimates for NYCB’s current fiscal year. The highest revenue estimate was $3.12B, while the lowest revenue estimate was $2.51B, resulting in an average revenue estimate of $2.73B. In the same quarter a year ago, actual revenue was $3.56B, down -23.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $2.9B 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 6.40% from the average revenue estimate for this year.
