New York Community Bancorp Inc. [NYCB] moved down -1.62: Why It’s Important

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New York Community Bancorp Inc. [NYSE: NYCB] plunged by -$0.15 during the normal trading session on Monday and reaching a high of $9.23 during the day while it closed the day at $9.10. The company report on April 27, 2022 that NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES FIRST QUARTER 2022 DILUTED EPS OF $0.31 ON A GAAP BASIS AND DILUTED EPS OF $0.32 ON A NON-GAAP BASIS.

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FIRST QUARTER RESULTS DRIVEN BY SIGNIFICANT DEPOSIT GROWTH, ROBUST LOAN GROWTH, AND A HIGHER CORE NET INTEREST MARGIN.

BOARD OF DIRECTORS DECLARES A $0.17 DIVIDEND PER COMMON SHARE.

New York Community Bancorp Inc. stock has also loss -3.60% of its value over the past 7 days. However, NYCB stock has declined by -20.87% in the 3 months of the year. Over the past six months meanwhile, it has lost -26.55% and lost -25.47% year-on date.

The market cap for NYCB stock reached $4.36 billion, with 464.02 million shares outstanding and 459.31 million shares in the current float. Compared to the average trading volume of 7.85M shares, NYCB reached a trading volume of 9931530 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $13.33 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.

Stephens have made an estimate for New York Community Bancorp Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on May 03, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $13 to $11. The new note on the price target was released on February 05, 2021, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise to $13, while Compass Point analysts kept a Buy rating on NYCB stock.

The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.32, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 6.19.

NYCB stock trade performance evaluation

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 -3.60. With this latest performance, NYCB shares dropped by -10.43% in over the last four-week period, additionally sinking by -26.55% over the last 6 months – not to mention a drop of -22.62% 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 30.25, with the RSI for the last a single of trading hit 27.55, and the three-weeks RSI is set at 32.22 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 10.51, while it was recorded at 9.38 for the last single week of trading, and 11.97 for the last 200 days.

New York Community Bancorp Inc. [NYCB]: An insightful look at the core 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 +48.63. New York Community Bancorp Inc.’s Net Margin is presently recorded at +33.66.

Return on Equity for this stock inclined to 8.48, with Return on Assets sitting at 1.02.

New York Community Bancorp Inc. [NYCB]: Insider Ownership positions

There are presently around $2,633 million, or 62.30% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BLACKROCK INC. with ownership of 50,971,826, which is approximately -9.836% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 43,394,354 shares of the stock with an approximate value of $401.4 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $173.28 million in NYCB stock with ownership of nearly 3.142% of the company’s market capitalization.

246 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 23,161,890 shares. Additionally, 171 investors decreased positions by around 35,383,105 shares, while 73 investors held positions by with 226,134,975 shares. The mentioned changes placed institutional holdings at 284,679,970 shares, according to the latest SEC report filing. NYCB stock had 67 new institutional investments in for a total of 5,663,289 shares, while 42 institutional investors sold positions of 3,874,406 shares during the same period.