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 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.

Analyst Upgrades and Downgrades

NYCB has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of New York Community Bancorp from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Barclays upgraded shares of New York Community Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $14.00 in a research note on Thursday, September 26th. StockNews.com upgraded New York Community Bancorp to a “sell” rating in a research report on Friday, July 19th. Citigroup raised their price objective on shares of New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.48.

New York Community Bancorp Price Performance

Shares of NYCB traded down $0.95 during midday trading on Friday, reaching $10.55. The stock had a trading volume of 18,531,372 shares, compared to its average volume of 8,349,230. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -3.83 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. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47. The company’s 50-day moving average is $11.11 and its 200 day moving average is $12.17.

New York Community Bancorp (NYSE:NYCB) last issued its earnings results on Friday, October 25th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.29). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $621.72 million. New York Community Bancorp had a negative return on equity of 4.49% and a negative net margin of 10.78%. During the same period in the prior year, the company earned $1.08 EPS. On average, equities analysts predict that New York Community Bancorp will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Saturday, December 7th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. New York Community Bancorp’s payout ratio is presently -1.45%.

New York Community Bancorp Company Profile

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.