What Analysts Are Saying About New York Community Stock

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Throughout the last three months, 20 analysts have evaluated New York Community NYCB, offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 1 15 4 0
Last 30D 0 0 1 0 0
1M Ago 0 1 1 0 0
2M Ago 0 0 8 3 0
3M Ago 0 0 5 1 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $4.22, a high estimate of $6.00, and a low estimate of $3.00. A decline of 32.15% from the prior average price target is evident in the current average.

Exploring Analyst Ratings: An In-Depth Overview

In examining recent analyst actions, we gain insights into how financial experts perceive New York Community. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
David Chiaverini Wedbush Raises Neutral $3.50 $3.00
Mark Fitzgibbon Piper Sandler Announces Overweight $4.00 -
Steven Duong RBC Capital Lowers Sector Perform $4.00 $5.00
Christopher Mcgratty Keefe, Bruyette & Woods Lowers Market Perform $3.75 $7.50
David Chiaverini Wedbush Maintains Underperform $3.00 -
David Rochester Compass Point Lowers Neutral $4.50 $5.00
Steven Duong RBC Capital Lowers Sector Perform $5.00 $7.00
David Chiaverini Wedbush Maintains Underperform $3.00 -
Peter Winter DA Davidson Maintains Neutral $4.00 $4.00
Ebrahim Poonawala B of A Securities Lowers Neutral $4.25 $5.00
Jared Shaw Barclays Announces Equal-Weight $5.00 -
Keith Horowitz Citigroup Lowers Neutral $3.50 $5.00
David Chiaverini Wedbush Lowers Underperform $3.00 $3.50
Manan Gosalia Morgan Stanley Lowers Equal-Weight $4.00 $6.00
David Chiaverini Wedbush Lowers Underperform $3.50 $5.00
Mark Fitzgibbon Piper Sandler Lowers Neutral $5.00 $8.00
Peter Winter DA Davidson Lowers Neutral $5.00 $8.50
Manan Gosalia Morgan Stanley Lowers Equal-Weight $6.00 $7.00
Ebrahim Poonawala B of A Securities Lowers Neutral $5.00 $8.50
Steven Alexopoulos JP Morgan Lowers Neutral $5.50 $11.50

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to New York Community. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of New York Community compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of New York Community's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of New York Community's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on New York Community analyst ratings.

Discovering New York Community: A Closer Look

New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank competes for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.

A Deep Dive into New York Community's Financials

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Positive Revenue Trend: Examining New York Community's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 111.06% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.

Net Margin: New York Community's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -306.49%, the company may face hurdles in effective cost management.

Return on Equity (ROE): New York Community's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -29.32%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): New York Community's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.39%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: With a high debt-to-equity ratio of 2.7, New York Community faces challenges in effectively managing its debt levels, indicating potential financial strain.

The Basics of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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