Is Buying Stock In New York Community Bancorp Inc. (NYCB) A Good Move Today?


New York Community Bancorp Inc. (NYSE:NYCB) saw an upside of 0.83% to close Monday at $9.76 after adding $0.08 on the day. The 5-day average trading volume is 6,829,980 shares of the company’s common stock. It has gained $9.80 in the past week and touched a new high 3 times within the past 5 days. An average of 7,854,570 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,742,064.

NYCB’s 1-month performance is 12.83% or $1.14 on its low of $8.50 reached on 12/29/22. The company’s shares have touched a 52-week low of $8.17 and high of $12.61, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, NYCB has achieved 13.49% or $1.16 and has reached a new high 10 times. However, the current price is down -22.60% from the 52-week high price.

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Insider Transactions

NYCB stock investors last saw insider trading activity on Dec 19.Rosenfeld Ronald A. (Director) most recently sold 138,199 shares at $8.74 per share on Dec 19. This transaction cost the insider $1,208,136.

Valuation Metrics

NYCB stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.52 while the price-to-book (PB) in the most recent quarter is 0.73.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.11, while the total debt to equity was 0.11. The firm’s gross profit as reported stood at $1.29 billion against revenue of $1.69 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NYCB to announce $0.32 per share in earnings in its latest quarter, but it posted $0.31, representing a -3.10% surprise. Shareholders hold equity totaling $466.14 million.

Let’s look briefly at New York Community Bancorp Inc. (NYCB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 73.20% to suggest the stock is trending Overbought, with historical volatility in this time period at 22.05%.

The stock’s 5-day moving average is $9.59, reflecting a +0.93% or $0.09 change from its current price. NYCB is currently trading +11.67% above its 20-day SMA, -1.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.81% and SMA200 by-6.42%.

Stochastic %K and %D was 90.69% and 87.67% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 68.17%, while the 14-day stochastic is at 96.67% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.33 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for New York Community Bancorp Inc. (NYSE: NYCB), DA Davidson launched coverage with a Neutral rating. Analysts offering their rating for NYCB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NYCB as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $8.50 and a high of $12.50, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for New York Community Bancorp Inc. (NYCB) stock is $10.07.


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