New York Community Bancorp Inc. (NYSE:NYCB) saw an upside of 1.95% to close Monday at $12.00 after adding $0.23 on the day. The 5-day average trading volume is 9,919,560 shares of the company’s common stock. It has gained $12.41 in the past week and touched a new high 1 time within the past 5 days. An average of 10,086,690 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,309,020.
NYCB’s 1-month performance is -0.58% or -$0.07 on its low of $11.64 reached on 08/18/23. The company’s shares have touched a 52-week low of $5.81 and high of $14.22, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, NYCB has achieved 39.53% or $3.40 and has reached a new high 33 times. However, the current price is down -15.61% from the 52-week high price.
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Insider Transactions
NYCB stock investors last saw insider trading activity on Aug 14.Davis Reginald E (Sr EVP & President of Banking) most recently sold 24,000 shares at $12.60 per share on Aug 14. This transaction cost the insider $302,390. Sr EVP & President of Banking, Davis Reginald E, sold 4,600 shares at a price of $9.97 on Feb 07. Then, on Dec 19, Director Rosenfeld Ronald A. sold 138,199 shares at a price of $8.74 per share. This transaction amounted to $1,208,136.
Valuation Metrics
NYCB stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.34 while the price-to-book (PB) in the most recent quarter is 0.82.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.55, while the total debt to equity was 1.55. The firm’s gross profit as reported stood at $1.4 billion against revenue of $2.09 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NYCB to announce $0.31 per share in earnings in its latest quarter, but it posted $0.47, representing a 51.60% surprise. Shareholders hold equity totaling $722.48 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 21 August was 35.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.17%.
The stock’s 5-day moving average is $11.92, reflecting a -4.38% or -$0.55 change from its current price. NYCB is currently trading -1.96% above its 20-day SMA, +33.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.70% and SMA200 by+28.89%.
Stochastic %K and %D was 9.07% and 6.27% and the average true range (ATR) pointed at 0.34. The RSI (14) points at 42.58%, while the 14-day stochastic is at 18.00% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.46 and -0.86 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for New York Community Bancorp Inc. (NYSE: NYCB), Deutsche Bank upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for NYCB stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NYCB as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 14 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 $12.00 and a high of $17.00, with their median price target at $15.75. Looking at these predictions, the average price target given by analysts is for New York Community Bancorp Inc. (NYCB) stock is $15.34.
