New York Community Bancorp Inc. [NYSE: NYCB] gained 0.72% on the last trading session, reaching $13.95 price per share at the time. The company report on September 30, 2021 that New York Community Bancorp, Inc. Joins MDI Innovation Committee To Help Modernize Technology At Minority Depository Institutions.
New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) announced that it has joined the newly formed Minority Depository Institution Innovation Committee (the “Committee”). The Committee will serve as a vital pathway to modernizing the technology capabilities at minority depository institutions, many of which are underinvested in technology. The Company joins 13 other banks on the Committee. Other members of the Committee include Figure Technologies, Inc., JAM FINTOP, and the National Black Bank Foundation (“NBBF”), a racial justice nonprofit working to ensure communities of color can access capital and build wealth through a robust Black banking sector.
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The NBBF is partnering with JAM FINTOP in this initiative which brings together experts from across various disciplines, including the financial services industry, regulatory, and FinTech to support Black banks and their constituents.
New York Community Bancorp Inc. represents 464.09 million in outstanding shares, while the company has a total market value of $6.52 billion with the latest information. NYCB stock price has been found in the range of $13.86 to $14.12.
If compared to the average trading volume of 5.68M shares, NYCB reached a trading volume of 4765552 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $15.13 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 2.20. 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.
UBS 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 February 05, 2021. The new note on the price target was released on January 15, 2021, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise to $9.50, while Morgan Stanley analysts kept a Equal-Weight rating on NYCB stock.
The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.28, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 3.84. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 5.97.
Trading performance analysis for NYCB stock
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 1.90. With this latest performance, NYCB shares gained by 9.67% in over the last four-week period, additionally plugging by 17.03% over the last 6 months – not to mention a rise of 63.54% 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 73.09, with the RSI for the last a single of trading hit 77.50, and the three-weeks RSI is set at 69.36 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 12.82, while it was recorded at 13.85 for the last single week of trading, and 11.96 for the last 200 days.
New York Community Bancorp Inc. [NYCB]: A deeper dive into fundamental analysis
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 +33.24. New York Community Bancorp Inc.’s Net Margin is presently recorded at +28.57.
Return on Total Capital for NYCB is now 2.63, given the latest momentum, and Return on Invested Capital for the company is 2.86. Return on Equity for this stock inclined to 7.46, with Return on Assets sitting at 0.92. 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 238.98. Additionally, NYCB Total Debt to Total Capital is recorded at 70.50, with Total Debt to Total Assets ending up at 28.99. Long-Term Debt to Equity for the company is recorded at 193.10, with the Long-Term Debt to Total Capital now at 52.78.
Reflecting on the efficiency of the workforce at the company, New York Community Bancorp Inc. [NYCB] managed to generate an average of $171,408 per employee.
An analysis of insider ownership at New York Community Bancorp Inc. [NYCB]
There are presently around $4,106 million, or 64.60% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BLACKROCK INC. with ownership of 58,167,356, which is approximately 2.452% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 45,578,513 shares of the stock with an approximate value of $635.82 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $239.79 million in NYCB stock with ownership of nearly 16.269% of the company’s market capitalization.
Positions in New York Community Bancorp Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 221 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 47,258,506 shares. Additionally, 142 investors decreased positions by around 21,524,835 shares, while 78 investors held positions by with 225,552,717 shares. The mentioned changes placed institutional holdings at 294,336,058 shares, according to the latest SEC report filing. NYCB stock had 60 new institutional investments in for a total of 8,456,283 shares, while 44 institutional investors sold positions of 15,855,055 shares during the same period.