New York Community Bancorp Inc. [NYCB] Stock trading around $9.25 per share: What’s Next?

New York Community Bancorp Inc. [NYSE: NYCB] stock went on an upward path that rose over 1.65% on Monday, amounting to a one-week price decrease of less than -6.09%. The company report on August 24, 2020 that New York Community Bancorp, Inc. Declares A Quarterly Cash Dividend On Its Preferred Stock.

The Board of Directors of New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) announced the declaration of a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB PA) at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of the Series A preferred stock.

The dividend will be payable on September 17, 2020 to shareholders of record as of September 7, 2020.

Over the last 12 months, NYCB stock dropped by -18.93%. The one-year New York Community Bancorp Inc. stock forecast points to a potential upside of 22.92. The average equity rating for NYCB stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.37 billion, with 461.93 million shares outstanding and 448.08 million shares in the current float. Compared to the average trading volume of 3.73M shares, NYCB stock reached a trading volume of 5940490 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $12.00 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 0.34, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 2.47. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 4.46.

NYCB Stock Performance Analysis:

New York Community Bancorp Inc. [NYCB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.09. With this latest performance, NYCB shares dropped by -10.63% in over the last four-week period, additionally sinking by -17.41% over the last 6 months – not to mention a drop of -18.93% 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 36.78, with the RSI for the last a single of trading hit 32.16, and the three-weeks RSI is set at 41.25 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 10.09, while it was recorded at 9.36 for the last single week of trading, and 10.71 for the last 200 days.

Insight into New York Community Bancorp Inc. 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 +27.26. New York Community Bancorp Inc.’s Net Margin is presently recorded at +20.66.

Return on Total Capital for NYCB is now 2.43, given the latest momentum, and Return on Invested Capital for the company is 2.59. 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 260.14. Additionally, NYCB Total Debt to Total Capital is recorded at 72.23, 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 46.19.

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.

NYCB Stock EPS

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.

New York Community Bancorp Inc. [NYCB] Insider Position Details

There are presently around $2,655 million, or 63.00% 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 53,225,498, which is approximately -6.22% of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 48,041,653 shares of the stock with an approximate value of $444.38 million in NYCB stocks shares; and VANGUARD GROUP INC, currently with $392.24 million in NYCB stock with ownership of nearly -3.617% of the company’s market capitalization.

Positions in New York Community Bancorp Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 157 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 17,022,328 shares. Additionally, 190 investors decreased positions by around 22,893,820 shares, while 61 investors held positions by with 247,110,974 shares. The mentioned changes placed institutional holdings at 287,027,122 shares, according to the latest SEC report filing. NYCB stock had 54 new institutional investments in for a total of 4,515,281 shares, while 43 institutional investors sold positions of 3,670,410 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam