Wednesday, December 2, 2020

New York Community Bancorp Inc. [NYCB] is -3.83% lower this YTD. Is it still time to buy?

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New York Community Bancorp Inc. [NYSE: NYCB] traded at a high on 06/09/20, posting a 0.96 gain after which it closed the day’ session at $11.56. The results of the trading session contributed to over 4449244 shares changing hands. Over the past one week, the price volatility of New York Community Bancorp Inc. stands at 3.66% while the volatility over the past one month is 4.09%.

The market cap for NYCB stock reached $5.38 billion, with 464.99 million shares outstanding and 448.10 million shares in the current float. Compared to the average trading volume of 4.58M shares, NYCB reached a trading volume of 4449244 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about New York Community Bancorp Inc. [NYCB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NYCB shares is $11.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NYCB stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Compass Point have made an estimate for New York Community Bancorp Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 14, 2020. The new note on the price target was released on April 13, 2020, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise from $11.50 to $13, while B. Riley FBR kept a Buy rating on NYCB stock.

The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.45, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 2.99. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 4.37.

How has NYCB stock performed recently?

New York Community Bancorp Inc. [NYCB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.00. With this latest performance, NYCB shares gained by 15.60% in over the last four-week period, additionally sinking by -2.69% over the last 6 months – not to mention a rise of 13.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NYCB stock in for the last two-week period is set at 67.47, with the RSI for the last a single of trading hit 75.87, and the three-weeks RSI is set at 62.55 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.90, while it was recorded at 10.94 for the last single week of trading, and 11.35 for the last 200 days.

New York Community Bancorp Inc. [NYCB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and New York Community Bancorp Inc. [NYCB] shares currently have an operating margin of +28.25. New York Community Bancorp Inc.’s Net Margin is presently recorded at +20.68.

Return on Total Capital for NYCB is now 2.52, given the latest momentum, and Return on Invested Capital for the company is 2.41. Return on Equity for this stock inclined to 5.85, with Return on Assets sitting at 0.74. When it comes to the capital structure of this company, New York Community Bancorp Inc. [NYCB] has a Total Debt to Total Equity ratio set at 221.16. Additionally, NYCB Total Debt to Total Capital is recorded at 68.86, with Total Debt to Total Assets ending up at 27.62. Long-Term Debt to Equity for the company is recorded at 152.87, with the Long-Term Debt to Total Capital now at 44.03.

Reflecting on the efficiency of the workforce at the company, New York Community Bancorp Inc. [NYCB] managed to generate an average of $140,240 per employee.

Earnings analysis for New York Community Bancorp Inc. [NYCB]

With the latest financial reports released by the company, New York Community Bancorp Inc. posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NYCB.

Insider trade positions for New York Community Bancorp Inc. [NYCB]

There are presently around $3,353 million, or 64.30% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BARROW HANLEY MEWHINNEY & STRAUSS LLC with ownership of 56,755,766, which is approximately 35.947% of the company’s market cap and around 2.10% of the total institutional ownership; BLACKROCK INC., holding 51,271,210 shares of the stock with an approximate value of $587.05 million in NYCB stocks shares; and VANGUARD GROUP INC, currently with $503.74 million in NYCB stock with ownership of nearly 1.622% of the company’s market capitalization.

Positions in New York Community Bancorp Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 155 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 35,551,065 shares. Additionally, 197 investors decreased positions by around 30,276,094 shares, while 72 investors held positions by with 226,977,386 shares. The mentioned changes placed institutional holdings at 292,804,545 shares, according to the latest SEC report filing. NYCB stock had 42 new institutional investments in for a total of 2,083,053 shares, while 69 institutional investors sold positions of 4,319,269 shares during the same period.

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