New York Community Bancorp Inc. [NYCB] Is Currently 0.35 below its 200 Period Moving Avg: What Does This Mean?

New York Community Bancorp Inc. [NYSE: NYCB] jumped around 0.03 points on Tuesday, while shares priced at $8.65 at the close of the session, up 0.35%. The company report on December 1, 2022 that NEW YORK COMMUNITY BANCORP, INC. COMPLETES ACQUISITION OF FLAGSTAR BANCORP, INC.

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New York Community Bancorp Inc. stock is now -29.16% down from its year-to-date (YTD) trading value. NYCB Stock saw the intraday high of $8.68 and lowest of $8.50 per share. The company’s 52-week high price is 13.56, which means current price is +5.87% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 12.74M shares, NYCB reached a trading volume of 6378430 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $10.13 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 2.40. 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.

DA Davidson 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 December 21, 2022. The new note on the price target was released on December 09, 2022, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise to $10, 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 0.24, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 3.21. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 3.45.

How has NYCB stock performed recently?

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 -0.57. With this latest performance, NYCB shares dropped by -8.56% in over the last four-week period, additionally sinking by -4.31% over the last 6 months – not to mention a drop of -29.21% 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 42.81, with the RSI for the last a single of trading hit 41.72, and the three-weeks RSI is set at 44.15 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.00, while it was recorded at 8.65 for the last single week of trading, and 9.55 for the last 200 days.

Insider trade positions for New York Community Bancorp Inc. [NYCB]

There are presently around $4,281 million, or 44.10% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BLACKROCK INC. with ownership of 84,289,203, which is approximately -0.688% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 66,858,346 shares of the stock with an approximate value of $578.33 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $333.32 million in NYCB stock with ownership of nearly -3.298% 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 225 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 33,251,788 shares. Additionally, 223 investors decreased positions by around 31,923,988 shares, while 127 investors held positions by with 429,697,194 shares. The mentioned changes placed institutional holdings at 494,872,970 shares, according to the latest SEC report filing. NYCB stock had 44 new institutional investments in for a total of 4,140,832 shares, while 47 institutional investors sold positions of 5,605,902 shares during the same period.

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