why New York Community Bancorp Inc. [NYCB] is a Good Choice for Investors After New Price Target of $13.12

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New York Community Bancorp Inc. [NYSE: NYCB] plunged by -$0.08 during the normal trading session on Wednesday and reaching a high of $10.01 during the day while it closed the day at $9.90. The company report on May 23, 2022 that NEW YORK COMMUNITY BANCORP, INC. DECLARES A QUARTERLY CASH DIVIDEND ON ITS PREFERRED STOCK.


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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 June 17, 2022 to shareholders of record as of June 7, 2022.

New York Community Bancorp Inc. stock has also gained 2.06% of its value over the past 7 days. However, NYCB stock has declined by -15.02% in the 3 months of the year. Over the past six months meanwhile, it has lost -17.36% and lost -18.92% year-on date.

The market cap for NYCB stock reached $4.62 billion, with 465.14 million shares outstanding and 459.31 million shares in the current float. Compared to the average trading volume of 8.43M shares, NYCB reached a trading volume of 7167667 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 $13.12 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 2.30. 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 2.73. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 7.70. Price to Free Cash Flow for NYCB in the course of the last twelve months was 150.12.

NYCB stock trade performance evaluation

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 2.06. With this latest performance, NYCB shares gained by 4.87% in over the last four-week period, additionally sinking by -17.36% over the last 6 months – not to mention a drop of -18.45% 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 55.15, with the RSI for the last a single of trading hit 61.10, and the three-weeks RSI is set at 50.85 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.96, while it was recorded at 9.88 for the last single week of trading, and 11.76 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 +47.59. New York Community Bancorp Inc.’s Net Margin is presently recorded at +33.81.

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 $2,905 million, or 63.10% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BLACKROCK INC. with ownership of 51,744,954, which is approximately 1.517% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 42,107,996 shares of the stock with an approximate value of $420.24 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $198.39 million in NYCB stock with ownership of nearly 6.115% of the company’s market capitalization.

265 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 30,907,499 shares. Additionally, 163 investors decreased positions by around 29,023,229 shares, while 81 investors held positions by with 231,166,094 shares. The mentioned changes placed institutional holdings at 291,096,822 shares, according to the latest SEC report filing. NYCB stock had 65 new institutional investments in for a total of 5,321,356 shares, while 43 institutional investors sold positions of 7,012,966 shares during the same period.

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