New York Community Bancorp (NYSE:NYCB) Issues FY 2027 Earnings Guidance

New York Community Bancorp (NYSE:NYCB) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.100-2.200 for the period. The company issued revenue guidance of -. New York Community Bancorp also updated its FY 2024 guidance to -3.100–3.000 EPS.

New York Community Bancorp Stock Down 9.8 %

NYCB opened at $10.37 on Friday. New York Community Bancorp has a 12 month low of $5.10 and a 12 month high of $34.47. The company has a market cap of $4.31 billion, a PE ratio of -4.17 and a beta of 1.00. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 3.66. The company has a 50 day moving average of $11.12 and a 200 day moving average of $12.16.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing the consensus estimate of ($1.26) by ($1.89). New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. The company had revenue of $671.00 million during the quarter, compared to the consensus estimate of $722.47 million. During the same quarter last year, the company posted $4.23 earnings per share. The firm’s revenue for the quarter was down 44.2% on a year-over-year basis. On average, sell-side analysts expect that New York Community Bancorp will post -2.41 EPS for the current year.

New York Community Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Saturday, September 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, September 6th. New York Community Bancorp’s payout ratio is -1.45%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Raymond James upgraded New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Wedbush reissued a “neutral” rating and set a $31.50 price objective on shares of New York Community Bancorp in a report on Friday, July 26th. Citigroup upped their target price on New York Community Bancorp from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, New York Community Bancorp has a consensus rating of “Hold” and an average price target of $17.48.

About New York Community Bancorp

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.