Equities Analysts Set Expectations for New York Community Bancorp, Inc.’s Q1 2023 Earnings (NYSE:NYCB)

New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q1 2023 earnings estimates for shares of New York Community Bancorp in a research note issued to investors on Monday, February 6th. Jefferies Financial Group analyst C. Haire expects that the financial services provider will earn $0.31 per share for the quarter. The consensus estimate for New York Community Bancorp’s current full-year earnings is $1.12 per share. Jefferies Financial Group also issued estimates for New York Community Bancorp’s Q2 2023 earnings at $0.30 EPS, Q3 2023 earnings at $0.29 EPS, Q4 2023 earnings at $0.29 EPS and FY2023 earnings at $1.19 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley started coverage on shares of New York Community Bancorp in a report on Monday, December 5th. They issued an “equal weight” rating and a $10.00 price target on the stock. Credit Suisse Group increased their target price on shares of New York Community Bancorp from $8.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Piper Sandler reduced their target price on shares of New York Community Bancorp from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 5th. DA Davidson started coverage on shares of New York Community Bancorp in a report on Tuesday, December 20th. They set a “neutral” rating and a $10.00 target price on the stock. Finally, TheStreet raised shares of New York Community Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, New York Community Bancorp has an average rating of “Hold” and a consensus price target of $9.95.

New York Community Bancorp Price Performance

Shares of NYSE:NYCB opened at $9.91 on Tuesday. The company’s fifty day moving average price is $9.18 and its 200-day moving average price is $9.40. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.89 and a beta of 1.04. New York Community Bancorp has a one year low of $8.17 and a one year high of $11.88. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.22 and a quick ratio of 1.20.

New York Community Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Monday, February 6th will be given a $0.17 dividend. The ex-dividend date is Friday, February 3rd. This represents a $0.68 annualized dividend and a dividend yield of 6.86%. New York Community Bancorp’s dividend payout ratio is 54.40%.

Insider Transactions at New York Community Bancorp

In other news, EVP Reginald E. Davis sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $9.97, for a total value of $45,862.00. Following the completion of the sale, the executive vice president now directly owns 123,033 shares of the company’s stock, valued at approximately $1,226,639.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other New York Community Bancorp news, Director Marshall Lux purchased 6,000 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was bought at an average cost of $8.53 per share, with a total value of $51,180.00. Following the transaction, the director now directly owns 12,000 shares in the company, valued at approximately $102,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Reginald E. Davis sold 4,600 shares of New York Community Bancorp stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $9.97, for a total transaction of $45,862.00. Following the transaction, the executive vice president now directly owns 123,033 shares of the company’s stock, valued at $1,226,639.01. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 41,800 shares of company stock valued at $858,186. Company insiders own 1.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in New York Community Bancorp during the 2nd quarter valued at about $27,000. Bessemer Group Inc. bought a new stake in New York Community Bancorp during the 3rd quarter valued at about $25,000. TFC Financial Management bought a new stake in New York Community Bancorp during the 3rd quarter valued at about $26,000. Quadrant Capital Group LLC increased its stake in New York Community Bancorp by 181.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,347 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in New York Community Bancorp during the 4th quarter valued at about $40,000. 63.17% of the stock is owned by hedge funds and other institutional investors.

New York Community Bancorp Company Profile

(Get Rating)

New York Community Bancorp, Inc is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993, and is headquartered in Westbury, NY.