Should I buy or sell New York Community Bancorp stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Community Bancorp in the last twelve months. There are currently 1 sell rating and 13 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" NYCB shares. View NYCB analyst ratings or view top-rated stocks .

What is New York Community Bancorp's stock price target for 2024?

14 Wall Street analysts have issued twelve-month price targets for New York Community Bancorp's stock. Their NYCB share price targets range from $5.00 to $14.00. On average, they predict the company's share price to reach $8.29 in the next twelve months. This suggests a possible upside of 69.1% from the stock's current price. View analysts price targets for NYCB or view top-rated stocks among Wall Street analysts .

How have NYCB shares performed in 2024?

New York Community Bancorp's stock was trading at $10.23 at the beginning of 2024. Since then, NYCB stock has decreased by 52.1% and is now trading at $4.90. View the best growth stocks for 2024 here .

When is New York Community Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024. View our NYCB earnings forecast .

How were New York Community Bancorp's earnings last quarter?

New York Community Bancorp, Inc. (NYSE:NYCB) posted its quarterly earnings results on Wednesday, January, 31st. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.56. The financial services provider had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $935.90 million. New York Community Bancorp had a net margin of 28.96% and a trailing twelve-month return on equity of 5.85%. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

How often does New York Community Bancorp pay dividends? What is the dividend yield for New York Community Bancorp?

New York Community Bancorp announced a quarterly dividend on Tuesday, January 30th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.05 per share on Wednesday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, February 13th. Read our dividend analysis for NYCB .

Is New York Community Bancorp a good dividend stock?

New York Community Bancorp (NYSE:NYCB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 13.88%. NYCB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 6.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NYCB will have a dividend payout ratio of 21.98% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NYCB .

What ETFs hold New York Community Bancorp's stock?

ETFs with the largest weight of New York Community Bancorp (NYSE:NYCB) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY) , Sound Equity Income ETF (SDEI) , Invesco KBW Regional Banking ETF (KBWR) , TrueShares Low Volatility Equity Income ETF (DIVZ) , Global SuperDividend US ETF (DIV) , iShares U.S. Regional Banks ETF (IAT) , SPDR S&P Regional Banking ETF (KRE) and First Trust Financial AlphaDEX Fund (FXO) .

What is Joseph R. Ficalora's approval rating as New York Community Bancorp's CEO?

133 employees have rated New York Community Bancorp Chief Executive Officer Joseph R. Ficalora on Glassdoor.com . Joseph R. Ficalora has an approval rating of 48% among the company's employees. This puts Joseph R. Ficalora in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of New York Community Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New York Community Bancorp investors own include AT&T (T) , AbbVie (ABBV) , Bristol-Myers Squibb (BMY) , Two Harbors Investment (TWO) , Bank of America (BAC) , General Electric (GE) , Annaly Capital Management (NLY) , Coty (COTY) , Ford Motor (F) and Verizon Communications (VZ) .

Who are New York Community Bancorp's major shareholders?

New York Community Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.99%), Norges Bank (1.05%), Cannell & Co. (0.63%), Charles Schwab Investment Management Inc. (0.63%), Principal Financial Group Inc. (0.37%) and Russell Investments Group Ltd. (0.29%). Insiders that own company stock include Alessandro Dinello, James L Klein, Lawrence J Savarese , Lee Matthew Smith, Marshall Lux , Peter Schoels, Reginald E Davis , Ronald A Rosenfeld and Thomas R Cangemi. View institutional ownership trends .

How do I buy shares of New York Community Bancorp?

Shares of NYCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:NYCB

New York Community Bancorp (NYCB) Stock Price, News & Analysis

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$4.90

+0.71 (+16.95%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $4.02
▼
$4.90
50-Day Range: $4.19
▼
$11.33
52-Week Range: $3.60
▼
$14.22

Volume: 84.14 million shs
Average Volume: 35.33 million shs
Market Capitalization: $3.54 billion

P/E Ratio: 1.47
Dividend Yield: 13.88%
Price Target: $8.29

Get New York Community Bancorp alerts:

New York Community Bancorp MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.93 Rating Score
Upside/Downside: 69.1% Upside
$8.29 Price Target
Short Interest: Healthy
3.59% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: 0.03
Based on 112 Articles This Week
Insider Trading: Acquiring Shares
$775,627 Bought Last Quarter
Proj. Earnings Growth: 28.17%
From $0.71 to $0.91 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Finance Sector

1st out of 833 stocks

Savings Institutions, Except Federal Industry

1st out of 18 stocks

4.0

Analyst's Opinion

Consensus Rating
New York Community Bancorp has received a consensus rating of Reduce. The company's average rating score is 1.93, and is based on no buy ratings, 13 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.29, New York Community Bancorp has a forecasted upside of 69.1% from its current price of $4.90.
Amount of Analyst Coverage
New York Community Bancorp has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
3.59% of the outstanding shares of New York Community Bancorp have been sold short.
Short Interest Ratio / Days to Cover
New York Community Bancorp has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New York Community Bancorp has recently decreased by 10.74%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
New York Community Bancorp is a leading dividend payer. It pays a dividend yield of 13.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
New York Community Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of New York Community Bancorp is 6.01%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, New York Community Bancorp will have a dividend payout ratio of 21.98% next year. This indicates that New York Community Bancorp will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New York Community Bancorp has received a 25.04% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Home equity loans", "Wire transfer services", "Consumer savings accounts provided by brick and mortar banks", "Online banking", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for New York Community Bancorp is -0.63.

2.8

News and Social Media Coverage

News Sentiment
New York Community Bancorp has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 112 news articles for New York Community Bancorp this week, compared to 10 articles on an average week.
Search Interest
149 people have searched for NYCB on MarketBeat in the last 30 days. This is an increase of 239% compared to the previous 30 days.
MarketBeat Follows
69 people have added New York Community Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 393% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New York Community Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $775,627.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.62% of the stock of New York Community Bancorp is held by insiders.
Percentage Held by Institutions
67.52% of the stock of New York Community Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0

Earnings and Valuation

Earnings Growth
Earnings for New York Community Bancorp are expected to grow by 28.17% in the coming year, from $0.71 to $0.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New York Community Bancorp is 1.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of New York Community Bancorp is 1.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.74.
Price to Earnings Growth Ratio
New York Community Bancorp has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
New York Community Bancorp has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About New York Community Bancorp Stock (NYSE:NYCB)

New York Community Bancorp, Inc. is the bank holding company for New York Community Bank. New York Community Bank is the nation’s 47th-largest financial institution and its largest thrift. As a thrift, the bank specializes in real estate and consumer accounts specifically real estate loans and savings accounts and has limited exposure to other forms of business banking. Among the benefits to consumers are interest-bearing checking and saving accounts that come with higher-than-average interest rates.

New York Community Bank was founded in 1859 to serve Queens County, New York. It operated under that name, growing all the while, until 2000 when it changed its name to better reflect the business. The company IPOd in 1993 and has made multiple acquisitions in the time since. As of 6/30/2022, the bank had $63.1 billion in assets and $41.2 billion in deposits.

New York Community Bank operates in greater New York City, New Jersey, Ohio, Florida, and Arizona. The company provides deposit products ranging from interest-bearing checking and money market accounts to savings accounts, IRAs, and CDs. Brands under the company’s umbrella include AmTrust in Florida and Arizona, Ohio Savings Bank, Garden State Savings Bank, and Atlantic Bank.

The bank offers a wide range of real-estate-related loans including but not limited to multi-family loans, commercial real estate loans, construction loans, and consumer loans and mortgages. Investment products include annuities, mutual funds, and life insurance. Customers include individuals, small businesses, and organizations and are served through a network of more than 230 branches, and 300 ATMs, online, mobile, and by phone. Many of the locations are open 24 hours and 6 days a week although those hours are not available at all branches. Clients can access their accounts digitally 24/7.

New York Community Bancorp and its underlying business carry investment-grade credit ratings from all the major rating agencies. The credit outlook in the 4th quarter of 2022 was stable as it had been for some time. In New York, it is a leader in the multi-family market specializing in lower-cost housing in rent-controlled areas. As of June 30, 2022, the multi-family loan portfolio accounted for more than 75% of all investments. The company has a stock purchase and dividend reinvestment plan that help to sustain a high level of ownership.

NYCB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NYCB Stock News Headlines

February 9, 2024 | marketbeat.com

New York Community Bank stock plummets amid real estate risks

New York Community Bank's Q4 loss on bad commercial real estate loans exacerbates regional banking concerns while industry stocks trade widely lower

February 12, 2024 | americanbankingnews.com

New York Community Bancorp, Inc. (NYSE:NYCB) Chairman Buys $209,500.00 in Stock

February 12, 2024 | The Freeport Society (Ad)

New Trump Bombshell

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February 12, 2024 | americanbankingnews.com

New York Community Bancorp, Inc. (NYSE:NYCB) EVP Purchases $101,250.00 in Stock

February 12, 2024 | americanbankingnews.com

New York Community Bancorp, Inc. (NYSE:NYCB) CEO Acquires $49,877.10 in Stock

February 12, 2024 | markets.businessinsider.com

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in New York Community Bancorp, Inc. with Losses of $100,000 to Contact the Firm

February 12, 2024 | americanbankingnews.com

New York Community Bancorp, Inc. (NYSE:NYCB) Director Peter Schoels Acquires 100,000 Shares

February 11, 2024 | msn.com

New York Community Bancorp shares surge after top executives disclose stake purchases

February 12, 2024 | The Freeport Society (Ad)

New Trump Bombshell

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February 11, 2024 | msn.com

A New York Rent-Control Bank Panic

February 11, 2024 | finance.yahoo.com

Why NYC apartments could become a big problem for NYCB

February 11, 2024 | seekingalpha.com

A Hard Look At New York Community Bancorp After A 60% Drop

February 11, 2024 | finance.yahoo.com

Peter Schoels Bought 170% More Shares In New York Community Bancorp

February 11, 2024 | americanbankingnews.com

New York Community Bancorp (NYSE:NYCB) Trading 8.8% Higher Following Insider Buying Activity

February 10, 2024 | markets.businessinsider.com

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages New York Community Bancorp, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - NYCB

February 10, 2024 | finance.yahoo.com

Why investors are worried about NY Community Bancorp

February 10, 2024 | msn.com

New York Community Bancorp Went From a Crisis Winner to Banking’s Next Worry

February 10, 2024 | businesswire.com

NYCB INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that New York Community Bancorp, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

February 10, 2024 | americanbankingnews.com

New York Community Bancorp (NYSE:NYCB) Shares Gap Down on Analyst Downgrade