Which Insiders Are Selling New York Community Bancorp Inc. (NYCB) Shares?

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The stock of New York Community Bancorp Inc. (NYSE:NYCB) decreased by -$0.07 on Friday to finish at $8.60, down -0.81 percent. The last five days have seen an average of 6,479,000 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$3.61. The average number of shares traded over the last 20 days was 10,535,715, while the average volume over the last 50 days totaled 13,820,604.

NYCB stock dropped -8.02% since last month. On 12/06/22, the company’s shares reached a one-month low of $8.32. The stock touched a high of $13.56 on 01/13/22, after rallying from a low of $8.17 in 52 weeks. The price of NYCB stock has declined by -29.57% or -$3.61 this year, reaching a new high 8 times. Still, the stock price is down -36.60% from the 52-week high.


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Insider Transactions

NYCB stock investors should be aware that New York Community Bancorp Inc. (NYCB) stock had its last reported insider trading activity 15 days ago on Dec 19. On Dec 19, Director Rosenfeld Ronald A. sold 138,199 shares at $8.74 each. This transaction resulted in the insider making $1,208,136. On Dec 06, Lux Marshall added 6,000 shares at a price of US$8.53. After the transaction, the insider now owns 12,000 shares. Director Lux Marshall had earlier bought 6,000 shares on Sep 30 for $8.63 a share. The transaction was completed for $51,780.

Valuation Metrics

New York Community Bancorp Inc. (NYCB) has a trailing price-to-earnings (P/E) ratio of 6.81. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.22, the price-to-book (PB) ratio of 0.64.

Company paid $0.17 per share in dividends, remained unchanged from $0.17 last year. A $0.08 dividend decrease was reported on Wednesday January 27 2016.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.11, and the total debt to equity ratio is 0.11. New York Community Bancorp Inc.’s operating margin stood at 72.40% for the same period. Based on annual data, it had gross profit of $1.29 billion and revenue of $1.69 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NYCB’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 14.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.20%.

Earnings Surprise

According to New York Community Bancorp Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that New York Community Bancorp Inc.’s quarterly earnings would be $0.31, but it ended up being $0.32, beating the consensus by -3.10%. At the end of New York Community Bancorp Inc.’s most recent quarter ended September 29, its total debt was $14.02 billion. Equity owned by shareholders amounts to $466.14 million.

Technical Picture

Here’s a quick look at New York Community Bancorp Inc.’s (NYCB) price momentum from a technical perspective. As of 30 December, the RSI 9-day stood at 42.74%, suggesting the stock is Neutral, with a 18.03% historical volatility rate.

The stochastic %K and %D were 33.77% and 34.53% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 35.06%, the RSI (14) reading is 43.12%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.10.

Analyst Ratings

In its analyst report released on December 21, 2022, DA Davidson began covering New York Community Bancorp Inc. (NYSE: NYCB). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned New York Community Bancorp Inc. (NYCB) an Overweight rating. NYCB is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.

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

The current consensus forecast for the stock is between $8.50 and $12.50, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for New York Community Bancorp Inc. (NYCB) is $10.13.

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