As of Wednesday close, New York Community Bancorp Inc.’s (NYSE:NYCB) stock was down -$0.27, moving down -2.33 percent to $11.32. The average number of shares traded per day over the past five days has been 8,768,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 7,067,680, while in the previous 50 days, it was 8,485,676.
Since last month, NYCB stock retreated -5.67%. Shares of the company fell to $11.32 on 09/20/23, 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 31.63% or $2.72, and marked a new high 33 times. However, the stock has declined by -20.39% 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 38 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 2.81. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 2.23, the price-to-book (PB) ratio of 0.77.
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 22.75%, the RSI 9-day stood at 30.98% on 20 September.
With respect to its five-day moving average, the current New York Community Bancorp Inc. price is down by -3.08% percent or -$0.36. At present, NYCB shares trade -3.58% below its 20-day simple moving average and +23.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.75% below its SMA50 and +23.18% above its SMA200.
Stochastic coefficient K was 9.74% and Stochastic coefficient D was 12.10%, while ATR was 0.28. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 35.79%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.36.
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 4 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 $15.50, 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 $15.24.
