Market cap of New York Community Bancorp Inc. [NYCB] reaches 4.34B – now what?

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New York Community Bancorp Inc. [NYSE: NYCB] price plunged by -0.52 percent to reach at -$0.05. The company report on June 29, 2022 that NEW YORK COMMUNITY BANCORP, INC. TO REPORT SECOND QUARTER 2022 EARNINGS AND HOST CONFERENCE CALL ON JULY 27TH.


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New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today announced that it expects to issue its earnings release for the three and six months ended June 30, 2022 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, July 27, 2022.  The release will be posted to the Investor Relations portion of the Company’s website, ir.myNYCB.com, upon issuance.

The Company will conduct a conference call at 8:30 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer Thomas R. Cangemi and Senior Executive Vice President and Chief Financial Officer John Pinto will discuss the Company’s second quarter 2022 performance.  The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on August 24, 2022.

A sum of 3923207 shares traded at recent session while its average daily volume was at 7.85M shares. New York Community Bancorp Inc. shares reached a high of $9.625 and dropped to a low of $9.44 until finishing in the latest session at $9.56.

The one-year NYCB stock forecast points to a potential upside of 17.44. The average equity rating for NYCB stock is currently 2.30, trading closer to a bullish pattern in the stock market.

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 $11.58 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.

Deutsche Bank have made an estimate for New York Community Bancorp Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 18, 2022. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $16 to $11. The new note on the price target was released on June 14, 2022, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise to $11, while Keefe Bruyette analysts kept a Mkt Perform rating on NYCB stock. On May 03, 2022, analysts decreased their price target for NYCB shares from 12 to 9.

The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.26, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 2.56. 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 7.92. Price to Free Cash Flow for NYCB in the course of the last twelve months was 140.94.

NYCB Stock Performance Analysis:

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 4.71. With this latest performance, NYCB shares gained by 10.52% in over the last four-week period, additionally sinking by -27.02% over the last 6 months – not to mention a drop of -14.41% 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 57.57, with the RSI for the last a single of trading hit 62.21, and the three-weeks RSI is set at 53.97 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.32, while it was recorded at 9.39 for the last single week of trading, and 11.21 for the last 200 days.

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

There are presently around $2,795 million, or 63.30% 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 $402.55 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $190.04 million in NYCB stock with ownership of nearly 6.115% 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 264 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 32,023,512 shares. Additionally, 163 investors decreased positions by around 28,990,153 shares, while 79 investors held positions by with 231,331,361 shares. The mentioned changes placed institutional holdings at 292,345,026 shares, according to the latest SEC report filing. NYCB stock had 66 new institutional investments in for a total of 5,224,326 shares, while 41 institutional investors sold positions of 7,039,732 shares during the same period.

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