In yesterday’s Wall Street session, New York Community Bancorp Inc. (NYSE:NYCB) shares traded at $9.36, down -1.06% from the previous session.
As of this writing, 13 analysts cover New York Community Bancorp Inc. (NYSE:NYCB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.50 and a low of $8.50, we find $10.00. Given the previous closing price of $9.46, this indicates a potential upside of 5.71 percent. NYCB stock price is now 3.48% away from the 50-day moving average and -5.29% away from the 200-day moving average. The market capitalization of the company currently stands at $4.41B.
There are 7 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $10.17 as their price target over the next twelve months.
, while ‘B. Riley Securities’ rates the stock as ‘Neutral’.
In other news, Lux Marshall, Director bought 6,000 shares of the company’s stock on Sep 30. The stock was bought for $51,780 at an average price of $8.63. Upon completion of the transaction, the Director now directly owns 6,000 shares in the company, valued at $56160.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10, Director Rosenfeld Ronald A. bought 35,000 shares of the business’s stock. A total of $480,162 was incurred on buying the stock at an average price of $13.72. This leaves the insider owning 30,000 shares of the company worth $0.28 million. Insiders disposed of 208,396 shares of company stock worth roughly $1.95 million over the past 1 year. A total of 1.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NYCB stock. A new stake in New York Community Bancorp Inc. shares was purchased by HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC during the first quarter worth $8,620,000. AMALGAMATED FINANCIAL CORP. invested $2,988,000 in shares of NYCB during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in New York Community Bancorp Inc. valued at approximately $2,118,000. NN INVESTMENT PARTNERS HOLDINGS N.V. acquired a new stake in NYCB for approximately $2,040,000. CAMPBELL CAPITAL MANAGEMENT INC purchased a new stake in NYCB valued at around $1,872,000 in the second quarter. In total, there are 569 active investors with 64.40% ownership of the company’s stock.
Friday morning saw New York Community Bancorp Inc. (NYSE: NYCB) opened at $9.60. During the past 12 months, New York Community Bancorp Inc. has had a low of $8.17 and a high of $13.56. The fifty day moving average price for NYCB is $9.03 and a two-hundred day moving average price translates $9.87 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $0.31, missing analysts’ expectations of $0.32 by -0.01. This compares to $0.30 EPS in the same period last year. The net profit margin was 32.10% and return on equity was 9.20% for NYCB. The company reported revenue of $509.0 million for the quarter, compared to $415.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.65 percent. For the current quarter, analysts expect NYCB to generate $503.98M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/17/2022. Investors who held shares on 11/07/2022 were paid a $0.17 dividend. On an annualized basis, this represents a $0.68 dividend and a 7.26% percent yield. There was an ex-dividend date of 11/04/2022 for this dividend. In terms of dividend payout ratio, NYCB is presently at 53.80%.
New York Community Bancorp Inc.(NYCB) Company Profile
New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit. Its loan products include multi-family loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans. The company also offers annuities, life and long-term care insurance products, and mutual funds; cash management products; and online, mobile, and phone banking services. It primarily serves individuals, small and mid-size businesses, and professional associations through a network of 237 branches and 333 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is based in Hicksville, New York.