The stock of New York Community Bancorp Inc. (NYSE:NYCB) increased by $0.14 on Monday to finish at $11.97, up 1.18 percent. The last five days have seen an average of 5,914,200 shares of common stock traded. 33 times new highs were reached in the current year, with a gain of $3.37. The average number of shares traded over the last 20 days was 7,841,550, while the average volume over the last 50 days totaled 8,947,694.
NYCB stock dropped -12.37% since last month. On 08/23/23, the company’s shares reached a one-month low of $11.64. The stock touched a high of $14.22 on 07/28/23, after rallying from a low of $5.81 in 52 weeks. The price of NYCB stock has risen by 39.19% or $3.37 this year, reaching a new high 33 times. Still, the stock price is down -15.82% from the 52-week high.
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 Aug 14. On Aug 14, Sr EVP & President of Banking Davis Reginald E sold 24,000 shares at $12.60 each. This transaction resulted in the insider making $302,390. On Feb 07, Davis Reginald E sold 4,600 shares at a price of US$9.97. After the transaction, the insider now owns 123,033 shares. Director Rosenfeld Ronald A. had earlier bought 30,800 shares on Feb 06 for $24.57 a share. The transaction was completed for $756,756.
Valuation Metrics
New York Community Bancorp Inc. (NYCB) has a trailing price-to-earnings (P/E) ratio of 2.97. Beta for the stock is 1.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 0.82.
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 June 29 is 1.55, and the total debt to equity ratio is 1.55. New York Community Bancorp Inc.’s operating margin stood at 48.80% for the same period. Based on annual data, it had gross profit of $1.4 billion and revenue of $2.09 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 2.70%. There was a 11.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.30%.
Earnings Surprise
According to New York Community Bancorp Inc.’s quarterly financial report for the quarter that ended June 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 $0.47, but it ended up being $0.31, beating the consensus by 51.60%. At the end of New York Community Bancorp Inc.’s most recent quarter ended June 29, its total debt was $17.03 billion. Equity owned by shareholders amounts to $722.48 million.
Technical Picture
Here’s a quick look at New York Community Bancorp Inc.’s (NYCB) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 41.60%, suggesting the stock is Neutral, with a 21.03% historical volatility rate.
The stochastic %K and %D were 15.04% and 13.12% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 20.18%, the RSI (14) reading is 44.52%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at -0.26.
Analyst Ratings
In its most recent analyst report, Deutsche Bank raised its rating on New York Community Bancorp Inc. (NYSE: NYCB) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned New York Community Bancorp Inc. (NYCB) an Buy rating. NYCB is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 14 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 $12.00 and $17.00, with a median target price of $15.75. In analyzing these forecasts, the average price target given by analysts for New York Community Bancorp Inc. (NYCB) is $15.34.
