Stock of the Day for September 28, 2024

New York Community Bancorp Stock Report

New York Community Bancorp
NYCB 90-day performance NYSE:NYCB New York Community Bancorp
Current Price
$11.65
+0.70 (+6.39%)
(As of 12:29 PM ET)
30 Day Performance
16.56%
  
 
90 Day Performance
-64.73%
  
  
1 Year Performance
-63.40%
  
  
Market Capitalization
$4.84B
Dividend Yield
0.34%
Price Target
$17.48

About New York Community Bancorp

New York Community Bancorp, Inc. is the bank holding company for New York Community Bank. New York Community Bank is the nation’s 47th-largest financial institution and its largest thrift. As a thrift, the bank specializes in real estate and consumer accounts specifically real estate loans and savings accounts and has limited exposure to other forms of business banking. Among the benefits to consumers are interest-bearing checking and saving accounts that come with higher-than-average interest rates.

New York Community Bank was founded in 1859 to serve Queens County, New York. It operated under that name, growing all the while, until 2000 when it changed its name to better reflect the business. The company IPOd in 1993 and has made multiple acquisitions in the time since. As of 6/30/2022, the bank had $63.1 billion in assets and $41.2 billion in deposits.

New York Community Bank operates in greater New York City, New Jersey, Ohio, Florida, and Arizona. The company provides deposit products ranging from interest-bearing checking and money market accounts to savings accounts, IRAs, and CDs. Brands under the company’s umbrella include AmTrust in Florida and Arizona, Ohio Savings Bank, Garden State Savings Bank, and Atlantic Bank.

The bank offers a wide range of real-estate-related loans including but not limited to multi-family loans, commercial real estate loans, construction loans, and consumer loans and mortgages. Investment products include annuities, mutual funds, and life insurance. Customers include individuals, small businesses, and organizations and are served through a network of more than 230 branches, and 300 ATMs, online, mobile, and by phone. Many of the locations are open 24 hours and 6 days a week although those hours are not available at all branches. Clients can access their accounts digitally 24/7.

New York Community Bancorp and its underlying business carry investment-grade credit ratings from all the major rating agencies. The credit outlook in the 4th quarter of 2022 was stable as it had been for some time. In New York, it is a leader in the multi-family market specializing in lower-cost housing in rent-controlled areas. As of June 30, 2022, the multi-family loan portfolio accounted for more than 75% of all investments. The company has a stock purchase and dividend reinvestment plan that help to sustain a high level of ownership.



NYCB Company Calendar

JUL. 25, 2024
Last Earnings
SEP. 6, 2024
Ex-Dividend for 9/17 Dividend
SEP. 17, 2024
Dividend Payable
OCT. 11, 2024
Today
OCT. 24, 2024
Next Earnings (Estimated)
DEC. 31, 2024
Fiscal Year End

Recent New York Community Bancorp News

Wedbush Comments on New York Community Bancorp, Inc.'s Q3 2025 Earnings (NYSE:NYCB)
This report was written by MarketBeat.com on September 28, 2024 and updated on October 11, 2024. This report first appeared on MarketBeat.com.