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

New York Community Bancorp (NYSE:NYCB) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share 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 8.3 %

Shares of NYCB stock traded down $0.95 during trading hours on Friday, reaching $10.55. 18,531,372 shares of the stock were exchanged, compared to its average volume of 8,349,230. The business’s fifty day moving average is $11.11 and its two-hundred day moving average is $12.19. The firm has a market capitalization of $4.38 billion, a P/E ratio of -3.82 and a beta of 1.00. New York Community Bancorp has a 12-month low of $5.10 and a 12-month high of $34.47. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.27 and a quick ratio of 1.17.

New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings data on Friday, October 25th. The financial services provider reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.29). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $621.72 million. New York Community Bancorp had a negative net margin of 10.78% and a negative return on equity of 4.49%. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, research analysts expect that New York Community Bancorp will post -2.41 EPS for the current fiscal year.

New York Community Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NYCB shares. Wedbush reissued a “neutral” rating and issued a $31.50 price target on shares of New York Community Bancorp in a research report on Friday, July 26th. Barclays upgraded New York Community Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $14.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods boosted their price objective on New York Community Bancorp from $11.25 to $33.75 and gave the company a “market perform” rating in a research note on Monday, July 15th. Raymond James upgraded shares of New York Community Bancorp from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Finally, Citigroup upped their price target 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. 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’s stock. According to data from MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and a consensus 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.