New York Community Bancorp (NYSE:NYCB) Releases FY 2025 Earnings Guidance

New York Community Bancorp (NYSE:NYCB) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of -0.350–0.300 for the period, compared to the consensus earnings per share estimate of 0.050. 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 Trading Down 9.8 %

Shares of NYCB opened at $10.37 on Friday. The stock’s 50-day moving average price is $11.12 and its 200 day moving average price is $12.16. 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 capitalization of $4.31 billion, a price-to-earnings ratio of -4.17 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.

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

New York Community Bancorp Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NYCB shares. 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. JPMorgan Chase & Co. raised their price target 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. Wedbush reiterated a “neutral” rating and issued a $31.50 price objective on shares of New York Community Bancorp in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on New York Community Bancorp from $11.25 to $33.75 and gave the stock a “market perform” rating in a report on Monday, July 15th. Finally, Citigroup boosted their price target on New York Community Bancorp from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.48.

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.