New York Community Bancorp (NYSE:NYCB – Get Free Report) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 0.750-0.800 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 Performance
NYCB traded down $0.93 during trading on Friday, hitting $10.57. 18,525,262 shares of the company traded hands, compared to its average volume of 8,349,230. New York Community Bancorp has a one year low of $5.10 and a one year high of $34.47. The stock’s fifty day moving average is $11.11 and its 200 day moving average is $12.17. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 3.66. The firm has a market cap of $4.39 billion, a P/E ratio of -3.83 and a beta of 1.00.
New York Community Bancorp (NYSE:NYCB – Get Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported ($3.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($1.89). New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. The company had revenue of $671.00 million for the quarter, compared to the consensus estimate of $722.47 million. During the same period in the prior year, the company earned $4.23 earnings per share. The firm’s revenue was down 44.2% on a year-over-year basis. As a group, equities analysts predict that New York Community Bancorp will post -2.41 EPS for the current fiscal year.
New York Community Bancorp Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on NYCB shares. JPMorgan Chase & Co. boosted their price objective on New York Community Bancorp from $11.50 to $12.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays raised shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $14.00 in a research report on Thursday, September 26th. Raymond James raised shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 17th. Citigroup boosted their target price on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.
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