New York Community Bancorp Inc. (NYSE:NYCB) saw an upside of 1.26% to close Monday at $11.27 after adding $0.14 on the day. The 5-day average trading volume is 7,412,560 shares of the company’s common stock. It has gained $11.68 in the past week and touched a new high 2 times within the past 5 days. An average of 7,423,630 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,411,292.
NYCB’s 1-month performance is -5.29% or -$0.56 on its low of $10.96 reached on 09/25/23. 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 31.05% or $2.67 and has reached a new high 33 times. However, the current price is down -20.75% from the 52-week high price.
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 1.28 while the price-to-book (PB) in the most recent quarter is 0.77.
The firm’s gross profit as reported stood at $1.4 billion against revenue of $2.09 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. 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 25 September was 35.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.58%.
The stock’s 5-day moving average is $11.28, reflecting a -2.17% or -$0.25 change from its current price. NYCB is currently trading -4.73% above its 20-day SMA, +11.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.42% and SMA200 by+30.59%.
Stochastic %K and %D was 9.92% and 6.62% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 37.76%, while the 14-day stochastic is at 25.41% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.45 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 4 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 $15.50. Looking at these predictions, the average price target given by analysts is for New York Community Bancorp Inc. (NYCB) stock is $15.21.
