New York Community Bancorp Inc. (NYSE:NYCB) finished Thursday with a subtraction of -$0.07 to close at $11.28, a downside of -0.62 percent. An average of 8,829,300 shares of common stock have been traded in the last five days. There was a gain of $0.19 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 8,076,170 shares traded, while the 50-day average volume stands at 8,530,324.
NYCB stock has decreased by -5.61% in the last month. The company shares reached their 1-month lowest point of $10.96 on 09/25/23. With the stock rallying to its 52-week high on 07/28/23, shares of the company touched a low of $5.81 and a high of $14.22 in 52 weeks. It has reached a new high 33 times so far this year and achieved 31.16% or $2.68 in price. In spite of this, the price is down -20.68% 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 46 days ago on Aug 14. In this transaction, the insider spent $302,390. Sr EVP & President of Banking, Davis Reginald E, disposed of 4,600 shares at a price of $9.97 on Feb 07. The insider now owns more than $45,863 worth of shares. Prior to that, Director Rosenfeld Ronald A. went on to Sale 138,199 shares at $8.74 each on Dec 19. An amount of $1,208,136 was transacted.
Valuation Metrics
New York Community Bancorp Inc. (NYCB) has a trailing price-to-earnings (P/E) ratio of 2.80. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.28, the price-to-book (PB) ratio at 0.77.
The company has a payout ratio of 54.17%. The company’s most recent quarterly dividend payment was $0.17 a share, without any change from last year. Its latest decrease dividend $0.08 reported on Wednesday January 27 2016.
Financial Health
Further, the company has a long term debt to equity ratio of 1.53 and a total debt to equity ratio of 1.53 for the quarter ending June 29. Its gross profit as reported stood at $1.4 billion compared to revenue of $2.09 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, New York Community Bancorp Inc.’s return on assets was 2.98%.
Earnings Surprise
For the three-month period that ended June 29, New York Community Bancorp Inc. had $16.41 billion in total debt. The analyst consensus anticipated New York Community Bancorp Inc.’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.47, a 51.60% surprise. At the end of the quarter ending June 29, New York Community Bancorp Inc.’s stock balance sheet showed total debt was $17.03 billion. Shareholders own equity worth $722.48 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at New York Community Bancorp Inc. (NYCB) price momentum. RSI 9-day as of the close on 28 September was 37.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.23%.
As of today, NYCB’s price is $11.26 +1.71% or $0.19 from its 5-day moving average. NYCB is currently trading -5.61% lower than its 20-day SMA and +12.13% higher than its 100-day SMA. However, the stock’s current price level is -6.93% below the SMA50 and +30.56% above the SMA200.
The stochastic %K and %D were 27.60% and 24.31%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 26.23% and the average true range at 0.29, the RSI (14) stands at 38.93%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.
Analyst Ratings
Deutsche Bank upgraded New York Community Bancorp Inc. (NYSE: NYCB) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
