New York Community BancorpNYCB
Market Cap: $4.03B
About: 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.
Employees: 8,766
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
44% more capital invested
Capital invested by funds: $1.38B [Q1] → $1.99B (+$612M) [Q2]
36% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 123
6.99% more ownership
Funds ownership: 52.8% [Q1] → 59.79% (+6.99%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
9% less funds holding
Funds holding: 491 [Q1] → 446 (-45) [Q2]
37% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 121
49% less call options, than puts
Call options by funds: $60.5M | Put options by funds: $119M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Jared Shaw 68% 1-year accuracy 26 / 38 met price target | 7%downside $10 | Equal-Weight Maintained | 29 Jul 2024 |
Wedbush David Chiaverini 65% 1-year accuracy 34 / 52 met price target | 3%downside $10.50 | Neutral Reiterated | 26 Jul 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 67% 1-year accuracy 10 / 15 met price target | 4%upside $11.25 | Market Perform Maintained | 15 Jul 2024 |
Citigroup Keith Horowitz 88% 1-year accuracy 14 / 16 met price target | 11%upside $12 | Neutral Maintained | 3 Jul 2024 |
Barclays Jared Shaw 68% 1-year accuracy 26 / 38 met price target | 11%upside $12 | Equal-Weight Maintained | 24 Jun 2024 |
Financial journalist opinion
Based on 7 articles about NYCB published over the past 30 days