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Friday, September 29, 2023

Analysts Point To New York Community Bancorp Inc. (NYSE: NYCB) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for New York Community Bancorp Inc. (NYCB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.33%, to $11.99. The New York Community Bancorp Inc. has recorded 53,297 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that NEW YORK COMMUNITY BANCORP, INC. UNVEILS REFRESHED LOGO & BRAND IDENTITY FOR THE NEW FLAGSTAR BANK.

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Stocks Info

As a NYSE listed company, NYCB falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $11.95 and fluctuated between $12.18 as its day high and $11.91 as its day low. The current market capitalization of New York Community Bancorp Inc. is $8.54B. A total of 5.71 million shares were traded on the day, compared to an average of 8.73M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NYCB has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 17,316 and the disposition of 9,965 shares. Over the last 12 months, there were 51 BUYs and 43 SELLs from insiders. Insiders purchased 5,805,553 shares during that period but sold 403,399.

In the most recent transaction, Davis Reginald E sold 24,000 shares of NYCB for 12.60 per share on Aug 14. After the transaction, the Sr EVP & President of Banking now owns 81,416 company shares. In a previous transaction on Feb 07, Davis Reginald E sold 4,600 shares at 9.97 per share. NYCB shares that Sr EVP & President of Banking owns now total 123,033.

Among the insiders who bought shares, Rosenfeld Ronald A. acquired of 30,800 shares on Feb 06 at a per-share price of $24.57. This resulted in the Director holding 30,800 shares of NYCB after the transaction. In another insider transaction, Lux Marshall bought 5,000 shares at $10.05 per share on Feb 03. Company shares held by the Director now total 17,000.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. New York Community Bancorp Inc. pays an annual dividend of $0.68, resulting in a dividend yield of 5.69%, and it has a price to earnings (P/E) ratio of 2.96. NYCB’s most recent ex-dividend date was 8/4/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 8/17/2023. Previously, the company paid the dividend on 5/18/2023 with an ex-dividend date of 5/5/2023. The NYCB stock dividend was $0.17 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NYCB in the last 3 months, the mean price target is $15.34 with high estimates of $17.00 and low estimates of $12.00. In terms of 52-week highs and lows, NYCB has a high of $14.22 and a low of $5.81.

As of this writing, NYCB has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $14.62, while its Total Shareholder’s Equity was $7.04B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NYCB is Buy with a score of 4.57.

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