NYCB Stock Alert: New York Community Bancorp Announces Reverse Stock Split
New York Community Bancorp (NYSE: NYCB ) stock is in the news Thursday after the financial services company announced a reverse stock split. New York Community Bancorp says that it plans to enact a reverse stock split on a one-for-three basis.
Embattled NYCB Is Doing a Reverse Stock Split. Shares Are Down 70% in 2024.
New York Community Bancorp says its board of directors has approved a one-for-three reverse stock split expected to become effective in mid-to-late July.
NYCB sets reverse stock split for July
New York Community Bancorp Inc. said Thursday it plans to carry out a three-for-one reverse stock split in mid-to-late July.
NYCB expects reverse stock split to take effect next month
New York Community Bancorp's one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday.
NYCB Discloses Signature Bank's Total Fair Value Was $37.8 Billion
New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank's receiver, the Federal Deposit Insurance Corp. (FDIC). NYCB's wholly-owned subsidiary, Flagstar Bank, acquired assets with an estimated total fair value of $37.
NYCB acquired Signature Bank assets with total fair value of $37.8 billion
New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.
Mnuchin's Liberty Strategic Capital reports 7.7% stake in NYCB
Liberty Strategic Capital on Monday disclosed it held a 7.7% stake in regional lender New York Community Bancorp as of June 7.
US SEC sought additional disclosures in NYCB's proxy statement, filings show
The U.S. Securities and Exchange Commission in April had sought additional disclosures from New York Community Bancorp in its preliminary proxy statement, regulatory filings made by the regional lender showed on Monday.
NYCB names CEO Joseph Otting to additional role of chairman
New York Community Bancorp said on Tuesday it had expanded the role of its President and CEO Joseph Otting to include the title of chairman.
Why Is New York Community Bancorp (NYCB) Down 1.8% Since Last Earnings Report?
New York Community Bancorp (NYCB) reported earnings 30 days ago. What's next for the stock?
Meridian Wealth Management LLC Trims Stake in New York Community Bancorp, Inc. (NYSE:NYCB)
Meridian Wealth Management LLC decreased its stake in New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,800 shares of the financial services provider’s stock after selling 31,800 shares during the quarter. Meridian Wealth Management LLC’s holdings in New York Community Bancorp were worth $325,000 as of its most recent SEC filing. Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in New York Community Bancorp by 27,828.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 404,121 shares of the financial services provider’s stock valued at $4,583,000 after purchasing an additional 402,674 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of New York Community Bancorp in the third quarter valued at about $1,451,000. Teacher Retirement System of Texas boosted its stake in shares of New York Community Bancorp by 22.9% in the third quarter. Teacher Retirement System of Texas now owns 225,549 shares of the financial services provider’s stock worth $2,558,000 after acquiring an additional 42,048 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of New York Community Bancorp by 76.8% during the third quarter. Orion Portfolio Solutions LLC now owns 208,459 shares of the financial services provider’s stock worth $2,364,000 after purchasing an additional 90,530 shares in the last quarter. Finally, M&T Bank Corp raised its stake in New York Community Bancorp by 12.7% during the 3rd quarter. M&T Bank Corp now owns 17,074 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 1,920 shares during the period. Institutional investors own 67.88% of the company’s stock. New York Community Bancorp Stock Performance Shares of New York Community Bancorp stock opened at $3.69 on Monday. New York Community Bancorp, Inc. has a 12 month low of $1.70 and a 12 month high of $14.22. The stock’s fifty day moving average price is $3.32 and its 200-day moving average price is $6.55. The firm has a market cap of $3.03 billion, a P/E ratio of 369.00 and a beta of 0.95. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 3.39. New York Community Bancorp (NYSE:NYCB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. New York Community Bancorp had a net margin of 0.62% and a return on equity of 2.91%. The firm had revenue of $633.00 million during the quarter, compared to analysts’ expectations of $776.81 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was down 76.1% compared to the same quarter last year. On average, equities research analysts expect that New York Community Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year. New York Community Bancorp Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, June 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.08%. New York Community Bancorp’s payout ratio is 2,000.00%. Insider Transactions at New York Community Bancorp In other news, Director Marshall Lux acquired 27,100 shares of New York Community Bancorp stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the purchase, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.38% of the company’s stock. Wall Street Analyst Weigh In Several research firms have recently issued reports on NYCB. Citigroup reduced their price objective on shares of New York Community Bancorp from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Deutsche Bank Aktiengesellschaft cut New York Community Bancorp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $7.00 in a report on Friday, February 2nd. JPMorgan Chase & Co. downgraded shares of New York Community Bancorp from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $11.50 to $5.50 in a research note on Wednesday, February 7th. DA Davidson cut shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $5.00 in a research note on Thursday, February 8th. Finally, Bank of America downgraded shares of New York Community Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.50 to $5.00 in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.39. Check Out Our Latest Stock Report on NYCB About New York Community Bancorp (Free Report) New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
NYCB's chief operating officer to step down
Embattled lender New York Community Bancorp said on Thursday that its Chief Operating Officer Julie-Ann Signorille-Browne has resigned from her role, effective May 24.
