New York Community Bancorp Inc. [NYCB] moved down -1.95: Why It’s Important


New York Community Bancorp Inc. [NYSE: NYCB] loss -1.95% on the last trading session, reaching $9.04 price per share at the time. The company report on June 6, 2022 that NEW YORK COMMUNITY BANK TO ELIMINATE NON-SUFFICIENT FUND FEES; TO ROLL OUT EARLY PAY PRODUCT DURING THIRD QUARTER.

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New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) the parent holding company of New York Community Bank (the “Bank”) today announced the elimination of non-sufficient (“NSF”), uncollected, and unavailable funds fees on all of its consumer and business checking products, and the elimination of transfer fees on its overdraft shield product, effective August 1, 2022.

As part of its review of the Bank’s product offerings and to help customers with their cash flow needs, it also plans to launch Early Pay during the third quarter.  This product provides customers access to their direct deposit paycheck up to two days sooner, helping them avoid overdrafts and better manage their spending.

New York Community Bancorp Inc. represents 465.14 million in outstanding shares, while the company has a total market value of $4.29 billion with the latest information. NYCB stock price has been found in the range of $8.99 to $9.185.

If compared to the average trading volume of 8.16M shares, NYCB reached a trading volume of 9532720 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 $12.96 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.

Keefe Bruyette have made an estimate for New York Community Bancorp Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 03, 2022. While these analysts kept the previous recommendation, Stephens raised their target price from $12 to $9. The new note on the price target was released on May 03, 2022, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another drop from $13 to $11, while UBS kept a Neutral rating on NYCB stock.

The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.30, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 7.57. Price to Free Cash Flow for NYCB in the course of the last twelve months was 139.31.

Trading performance analysis for NYCB stock

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 -7.66. With this latest performance, NYCB shares dropped by -1.42% in over the last four-week period, additionally sinking by -26.68% over the last 6 months – not to mention a drop of -22.07% 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 36.02, with the RSI for the last a single of trading hit 30.25, and the three-weeks RSI is set at 38.39 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.74, while it was recorded at 9.40 for the last single week of trading, and 11.65 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 +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.

An analysis of insider ownership at New York Community Bancorp Inc. [NYCB]

There are presently around $2,695 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 $388.24 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $183.28 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 32,132,466 shares. Additionally, 164 investors decreased positions by around 29,027,729 shares, while 80 investors held positions by with 231,157,094 shares. The mentioned changes placed institutional holdings at 292,317,289 shares, according to the latest SEC report filing. NYCB stock had 65 new institutional investments in for a total of 5,299,497 shares, while 43 institutional investors sold positions of 7,012,966 shares during the same period.