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New York Community Bancorp Inc. (NYCB) is a 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.

Those divisional banks compete 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.

The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000.

New York Community Bancorp, Inc. was founded in 1859 and is headquartered in Hicksville, New York.

Three key data points gauge New York Community Bancorp Inc. or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

NYCB Price

Over the past year, NYCB’s share price fell about 2.3% from $9.46 to $9.24 as of Tuesday’s market close.

If New York Community Bancorp Inc. stock trades in the range of $6.00 to $14.00 this next year, its recent $9.24 share price might rise to $9.60 by next year. Of course, New York Community Bancorp's price could drop about the same $0.36 estimated amount or more.

My annual upside estimate of $0.36 however, is about equal to the average one-year price gain over the past three years.

NYCB Dividend

New York Community Bancorp Inc. has paid  Quarterly dividends since May 15, 1997. NYCB’s most recent Quarterly dividend, of $0.17 was paid November 16th to shareholders on record as of November 3rd.  A forward-looking $0.68 annual dividend yields 7.36% at Tuesday’s $9.24 share price,

NYCB Returns

To put it all together, add the annual dividend of  $0.68 to the price upside of $0.36 and find a $1.04 gross gain.

At Tuesday’s $9.94 share price, a little over $1000 would buy 101 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us $0.10 per share.

Subtracting that likely $0.10 brokerage cost from the $1.04 estimated gross gain per share produces a net gain of $0.94 X 101  shares = $94.94 or a 9.5% estimated net gain.

You might choose to pounce on New York Community Bancorp Inc. shares. NYCB is a one-hundred sixty-four-year-old New York Bank Holding  Company.  Furthermore, the estimated $73.60 dividend income from $1k invested is nearly 8 times greater than Tuesday’s NYCB single share price.

The exact track of New York Community Bancorp’s ongoing future prices and dividends is yet to be known.

Remember the true value of any stock is best realized through personal ownership of shares.

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