What Technical Indicators Show About NYCB (NYCB)?

New York Community Bancorp Inc. (NYSE:NYCB) finished Tuesday with a subtraction of -$0.02 to close at $13.41, a downside of -0.15 percent. An average of 6,606,100 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week. The last 20 days have seen an average of 5,683,810 shares traded, while the 50-day average volume stands at 5,721,820.

NYCB stock has increased by 7.62% in the last month. The company shares reached their 1-month lowest point of $12.19 on 09/09/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $7.72 and a high of $13.62 in 52 weeks. In spite of this, the price is down -1.54% from the 52-week high.

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Valuation Metrics

New York Community Bancorp Inc. (NYCB) has a trailing price-to-earnings (P/E) ratio of 12.59, which compares with the 16.80 for the broader industry and 12.73 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, New York Community Bancorp Inc.’s PE ratio has ranged between 18.01 and 9.025. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.53, the price-to-book (PB) ratio at 0.97.

New York Community Bancorp Inc. pays a $0.68 dividend per share annually. It offers a dividend yield of 5.07%. The company has a payout ratio of 56.00%. The company’s most recent quarterly dividend payment took place on Aug. 17, and it was $0.17 a share, without any change from last year. Its dividend has been increased for the last 5 consecutive years with the latest decrease dividend $0.08 reported on Wednesday January 27 2016.

New York Community Bancorp Inc. will next go ex-dividend on 8-Nov. The next dividend payment New York Community Bancorp Inc. will make is expected to be $0.17.

Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.10 for the quarter ending June 29. Its gross profit as reported stood at $1.1 billion compared to revenue of $1.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, New York Community Bancorp Inc.’s return on assets was 1.00%, compared to 0.8% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 8.90% and the 5-year average holds at 6.9%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

The analyst consensus anticipated New York Community Bancorp Inc.’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.33, a 10.00% surprise. At the end of the quarter ending June 29, New York Community Bancorp Inc.’s stock balance sheet showed total debt was $15.72 billion. Shareholders own equity worth $465.03 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at New York Community Bancorp Inc. (NYCB) price momentum. RSI 9-day as of the close on 05 October was 69.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.77%.

As of today, NYCB’s price is $13.32 +3.47% or $0.45 from its 5-day moving average. NYCB is currently trading +9.11% higher than its 20-day SMA and +14.03% higher than its 100-day SMA. However, the stock’s current price level is +21.91% above the SMA50 and +31.60% above the SMA200.

The stochastic %K and %D were 87.11% and 87.18%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 84.15% and the average true range at 0.30, the RSI (14) stands at 66.12%. The stock has reached 0.29 on the 9-day MACD Oscillator while the 14-day reading was at 0.50.

Analyst Ratings

UBS downgraded New York Community Bancorp Inc. (NYSE: NYCB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for New York Community Bancorp Inc. (NYCB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NYCB, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

What is NYCB’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $19.00, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for New York Community Bancorp Inc. (NYCB) stock is $15.42.


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