As of Thursday close, New York Community Bancorp Inc.’s (NYSE:NYCB) stock was down -$0.19, moving down -1.58 percent to $11.80. The average number of shares traded per day over the past five days has been 9,910,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.13 fall in that time frame. In the last twenty days, the average volume was 10,093,390, while in the previous 50 days, it was 9,459,480.
Since last month, NYCB stock retreated -2.64%. Shares of the company fell to $11.73 on 08/17/23, the lowest level in the past month. A 52-week high of $14.22 was reached on 07/28/23 after having rallying from a 52-week low of $5.81. Since the beginning of this year, NYCB’s stock price has risen by 37.21% or $3.20, and marked a new high 33 times. However, the stock has declined by -17.02% since its 52-week high.
NYCB stock investors should be aware that New York Community Bancorp Inc. (NYCB) stock had its last reported insider trading activity 4 days ago on Aug 14. Davis Reginald E, the Sr EVP & President of Banking of the company, disposed of 24,000 shares for $12.60 on Aug 14. It resulted in a $302,390 divestment by the insider. Davis Reginald E sold 4,600 shares at an average price of $9.97 on Feb 07. The insider now owns 123,033 shares following the transaction. On Feb 06, Director Rosenfeld Ronald A. bought 30,800 shares at $24.57 apiece. The transaction was valued at $756,756.
Valuation Metrics
Right now, New York Community Bancorp Inc. (NYCB) has a P/E ratio of about 2.93. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 2.33, the price-to-book (PB) ratio of 0.81.
The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Wednesday January 27 2016, a $0.08 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.55, and the total debt-to-equity ratio was 1.55. In the year ended June 29, operating margins totaled 48.80%. Based on annual data, NYCB earned $1.4 billion in gross profit and brought in $2.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.70%. Return on equity (ROE) for the past 12 months was 30.30%.
In New York Community Bancorp Inc.’s quarter-end financial report for June 29, it reported total debt of $16.41 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected New York Community Bancorp Inc. to report $0.31 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 51.60%. The value of shareholders’ equity is $722.48 million.
Technical Picture
This quick technical analysis looks at New York Community Bancorp Inc.’s (NYCB) price momentum. With a historical volatility rate of 12.94%, the RSI 9-day stood at 26.08% on 17 August.
With respect to its five-day moving average, the current New York Community Bancorp Inc. price is down by -8.74% percent or -$1.13. At present, NYCB shares trade -2.96% below its 20-day simple moving average and +31.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.56% above its SMA50 and +27.43% above its SMA200.
Stochastic coefficient K was 6.52% and Stochastic coefficient D was 17.37%, while ATR was 0.36. Given the Stochastic reading of 3.04% for the 14-day period, the RSI (14) reading has been calculated as 37.59%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.03.
Analyst Ratings
Deutsche Bank upgraded its rating on New York Community Bancorp Inc. (NYSE: NYCB) to a Buy in a note to investors on July 31, 2023. The analysts firm previously had a Hold rating on the stock.New York Community Bancorp Inc. (NYCB) has been rated Buy by analysts. According to 0 brokerage firms, NYCB is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate New York Community Bancorp Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $15.75, the current consensus forecast for the stock is $12.00 – $17.00. Based on these forecasts, analysts predict New York Community Bancorp Inc. (NYCB) will achieve an average price target of $15.34.
