Contrasting New York Community Bancorp (NYCB) and Its Rivals

New York Community Bancorp (NYSE: NYCB) is one of 307 publicly-traded companies in the “Banks” industry, but how does it contrast to its peers? We will compare New York Community Bancorp to related businesses based on the strength of its risk, analyst recommendations, dividends, earnings, valuation, profitability and institutional ownership.

Analyst Ratings

This is a breakdown of recent recommendations for New York Community Bancorp and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
New York Community Bancorp 2 5 1 0 1.88
New York Community Bancorp Competitors 2261 8721 8637 358 2.36

New York Community Bancorp presently has a consensus target price of $12.79, suggesting a potential downside of 7.24%. As a group, “Banks” companies have a potential downside of 1.20%. Given New York Community Bancorp’s peers stronger consensus rating and higher possible upside, analysts plainly believe New York Community Bancorp has less favorable growth aspects than its peers.

Dividends

New York Community Bancorp pays an annual dividend of $0.68 per share and has a dividend yield of 4.9%. New York Community Bancorp pays out 78.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.0% of their earnings in the form of a dividend.

Valuation & Earnings

This table compares New York Community Bancorp and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
New York Community Bancorp $1.82 billion $495.40 million 15.85
New York Community Bancorp Competitors $5.50 billion $827.87 million 388.93

New York Community Bancorp’s peers have higher revenue and earnings than New York Community Bancorp. New York Community Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares New York Community Bancorp and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
New York Community Bancorp 24.22% 7.17% 0.91%
New York Community Bancorp Competitors 18.68% 8.20% 0.92%

Risk & Volatility

New York Community Bancorp has a beta of 0.59, suggesting that its share price is 41% less volatile than the S&P 500. Comparatively, New York Community Bancorp’s peers have a beta of 0.79, suggesting that their average share price is 21% less volatile than the S&P 500.

Insider & Institutional Ownership

58.4% of New York Community Bancorp shares are owned by institutional investors. Comparatively, 52.0% of shares of all “Banks” companies are owned by institutional investors. 3.1% of New York Community Bancorp shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

New York Community Bancorp peers beat New York Community Bancorp on 12 of the 15 factors compared.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc. is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services. The Residential Mortgage Banking segment originates, aggregates, sells and services one- to four-family mortgage loans. Mortgage loan products consist of agency-conforming, fixed and adjustable-rate loans and, to a lesser extent, jumbo loans, for the purpose of purchasing or refinancing one- to four-family homes. The Community Bank is a chartered savings bank. As of December 31, 2016, the Community Bank had 225 branches operating through seven local divisions.

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