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New York Community Bancorp

Market Cap

US$5.5b

Last Updated

2021/05/17 23:35 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


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 +/- 5% a week.

Volatility Over Time: NYCB's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

NYCB

3.2%

US Mortgage

-0.6%

US Market


1 Year Return

27.5%

NYCB

53.3%

US Mortgage

46.0%

US Market

Return vs Industry: NYCB underperformed the US Mortgage industry which returned 54.9% over the past year.

Return vs Market: NYCB underperformed the US Market which returned 50.8% over the past year.


Shareholder returns

NYCBIndustryMarket
7 Day2.9%3.2%-0.6%
30 Day-3.6%-6.7%-1.8%
90 Day11.6%-7.1%0.2%
1 Year36.7%27.5%57.6%53.3%48.4%46.0%
3 Year22.3%0.8%32.8%22.1%60.5%50.4%
5 Year7.8%-19.7%80.4%54.7%125.9%100.9%

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

Valuation

Is New York Community Bancorp undervalued compared to its fair value and its price relative to the market?

36.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NYCB ($12.1) is trading below our estimate of fair value ($19.09)

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 (10.8x) compared to the US Mortgage industry average (12.8x).

PE vs Market: NYCB is good value based on its PE Ratio (10.8x) compared to the US market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: NYCB is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: NYCB is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1x).


Future Growth

How is New York Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

30.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NYCB's forecast earnings growth (30.4% per year) is above the savings rate (2%).

Earnings vs Market: NYCB's earnings (30.4% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NYCB's revenue (25.6% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: NYCB's revenue (25.6% 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 (10.1%).


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 24.4%.


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?

5.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NYCB's dividend (5.62%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: NYCB's dividend (5.62%) is in the top 25% of dividend payers in the US market (3.42%)


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 (48.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Tom Cangemi (51 yo)

0.42

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 ($USD2.70M) is below average for companies of similar size in the US market ($USD6.51M).

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 ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: NYCB's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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$5.469b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 23:35
End of Day Share Price2021/05/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.