New York Community Bancorp Inc, ticker NYCB, is a mid-cap regional bank in the financial services business sector. It is the first of five financial services candidates vying to be the third selection for my Viking folio. This is not my first report on NYCB; I last discussed it in June and selected it as the thirty-fifth member of my Viital portfolio.

New York Community Bancorp Inc is the bank holding company for New York Community Bank.

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 those 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.

New York Community Bancorp, Inc. was founded in 1859 and is based in Hicksville, New York. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000.

Three key data points gauge any dividend equity or fund such as New York Community Bancorp Inc:

(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

NYCB’s price per share was $8.54 at Friday’s market close. In the past year, NYCB’s share price fell by $5.41 or about 39%.

If NYCB’s stock trades in the range of $7.00 to $14.00 this next year, its recent $8.54 per share price might reach $11.00 by next year. My upside increase estimate of $2.46 is $0.08 under the average price upside forecast by 13 analysts tracking the stock for brokerages.

NYCB Dividends

NYCB’s most recently declared quarterly dividend of $0.17 per share equals $0.68 annually and  casts a yield of 7.96%.

NYCB Returns

Adding the $0.68 annual New York Community Bancorp Inc dividend to my one-year price upside estimate of $2.46 shows a $3.14 potential gross gain per share.

At Friday’s $8.54 closing price, a little under $1000 would buy 117 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us $0.09 per share.

Subtract that maybe $0.09 brokerage cost from my estimated $3.14 gross gain per share results in a net gain of $3.05 X 117 shares = $356.85 for a 35.6% net gain including a 7.96% annual yield.

In a year our $1K investment in shares of New York Community Bancorp Inc could generate $79.60 in cash dividends. Of course, a single share of NYCB stock at Friday's $8.54 price is over 9 times less than the annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is truly a good time to buy NYCB shares based on their dividends for the year 2022. The dividend from $1K invested is 9.42 time greater than yesterday’s single share price. Consider yourself alerted. Now IS the time.

All of the estimates above are speculation based on the past history of New York Community Bancorp Inc. Only time and money invested in this stock will determine its market value.

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