New York Community Bancorp
Market Cap
US$5.1b
Last Updated
2021/07/23 02:39 UTC
Data Sources
Company Financials +
Executive Summary
New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with high growth potential and pays a dividend.
Similar Companies
Share Price & News
How has New York Community Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NYCB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NYCB's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
NYCB
-1.5%
US Mortgage
0.4%
US Market
1 Year Return
6.9%
NYCB
46.4%
US Mortgage
36.9%
US Market
Return vs Industry: NYCB underperformed the US Mortgage industry which returned 49.9% over the past year.
Return vs Market: NYCB underperformed the US Market which returned 35.1% over the past year.
Shareholder returns
| NYCB | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -1.5% | 0.4% |
| 30 Day | -0.7% | -6.4% | 1.6% |
| 90 Day | -7.9% | -12.0% | 2.7% |
| 1 Year | 14.5%6.9% | 50.9%46.4% | 39.1%36.9% |
| 3 Year | 26.9%4.6% | 19.9%10.8% | 61.0%51.0% |
| 5 Year | 4.1%-22.5% | 64.1%40.0% | 122.5%97.8% |
Long-Term Price Volatility Vs. Market
How volatile is New York Community Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholders Own New York Community Bancorp, Inc. (NYSE:NYCB)?1 month ago | Simply Wall St
Trade Alert: The Independent Director Of New York Community Bancorp, Inc. (NYSE:NYCB), Ronald Rosenfeld, Has Just Spent US$232k Buying 17% More Shares1 month ago | Simply Wall St
Is Now The Time To Put New York Community Bancorp (NYSE:NYCB) On Your Watchlist?Valuation
Is New York Community Bancorp undervalued compared to its fair value and its price relative to the market?
44.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NYCB ($11.04) is trading below our estimate of fair value ($19.79)
Significantly Below Fair Value: NYCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NYCB is good value based on its PE Ratio (9.9x) compared to the US Mortgage industry average (12.1x).
PE vs Market: NYCB is good value based on its PE Ratio (9.9x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: NYCB is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: NYCB is good value based on its PB Ratio (0.8x) compared to the US Mortgage industry average (1.1x).
Future Growth
How is New York Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
34.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NYCB's forecast earnings growth (34.3% per year) is above the savings rate (2%).
Earnings vs Market: NYCB's earnings (34.3% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NYCB's revenue (41.2% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: NYCB's revenue (41.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NYCB's Return on Equity is forecast to be low in 3 years time (10.9%).
Past Performance
How has New York Community Bancorp performed over the past 5 years?
15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NYCB has high quality earnings.
Growing Profit Margin: NYCB's current net profit margins (43.6%) are higher than last year (35.8%).
Past Earnings Growth Analysis
Earnings Trend: NYCB has become profitable over the past 5 years, growing earnings by 15.6% per year.
Accelerating Growth: NYCB's earnings growth over the past year (43.4%) exceeds its 5-year average (15.6% per year).
Earnings vs Industry: NYCB earnings growth over the past year (43.4%) exceeded the Mortgage industry 28.5%.
Return on Equity
High ROE: NYCB's Return on Equity (8.2%) is considered low.
Financial Health
How is New York Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: NYCB's Assets to Equity ratio (8.5x) is low.
Allowance for Bad Loans: NYCB has a sufficient allowance for bad loans (596%).
Low Risk Liabilities: 67% of NYCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NYCB has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: NYCB's Loans to Deposits ratio (126%) is high.
Level of Bad Loans: NYCB has an appropriate level of bad loans (0.1%).
Dividend
What is New York Community Bancorp current dividend yield, its reliability and sustainability?
6.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NYCB's dividend (6.16%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: NYCB's dividend (6.16%) is in the top 25% of dividend payers in the US market (3.52%)
Stability and Growth of Payments
Stable Dividend: NYCB's dividend payments have been volatile in the past 10 years.
Growing Dividend: NYCB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.8%), NYCB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NYCB's dividends in 3 years are forecast to be well covered by earnings (47.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.6yrs
Average management tenure
CEO
Tom Cangemi (52 yo)
0.58
Tenure
US$2,702,351
Compensation
Mr. Thomas Robert Cangemi, also known as Tom, C.P.A., has been President, Chief Executive Officer, and a Director of New York Community Bancorp, Inc. and New York Community Bank since December 31, 2020 and...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.70M) is below average for companies of similar size in the US market ($USD6.41M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NYCB's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: NYCB's board of directors are considered experienced (8.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NYCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
New York Community Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: New York Community Bancorp, Inc.
- Ticker: NYCB
- Exchange: NYSE
- Founded: 1859
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$5.134b
- Shares outstanding: 465.06m
- Website: https://www.mynycb.com
Number of Employees
Location
- New York Community Bancorp, Inc.
- 615 Merrick Avenue
- Westbury
- New York
- 11590
- United States
Listings
Biography
New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/23 02:39 |
| End of Day Share Price | 2021/07/22 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.