New York Community Bancorp Inc. [NYCB] Is Currently -0.11 below its 200 Period Moving Avg: What Does This Mean?

New York Community Bancorp Inc. [NYSE: NYCB] stock went on a downward path that fall over -0.11% on Monday, amounting to a one-week price decrease of less than -5.01%. The company report on February 21, 2023 that NEW YORK COMMUNITY BANCORP, INC. SETS DATE OF 2023 ANNUAL MEETING OF SHAREHOLDERS.

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New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today announced that Thursday, June 1st, has been established as the date of its 2023 Annual Meeting of Shareholders.

The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 a.m. Eastern Time.

Over the last 12 months, NYCB stock dropped by -20.36%. The one-year New York Community Bancorp Inc. stock forecast points to a potential upside of 16.48. The average equity rating for NYCB stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.14 billion, with 681.22 million shares outstanding and 671.25 million shares in the current float. Compared to the average trading volume of 9.88M shares, NYCB stock reached a trading volume of 5672323 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $10.68 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 0.23, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 3.54. 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 3.40.

NYCB Stock Performance Analysis:

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 -5.01. With this latest performance, NYCB shares dropped by -9.26% in over the last four-week period, additionally sinking by -14.15% over the last 6 months – not to mention a drop of -20.36% 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 34.62, with the RSI for the last a single of trading hit 25.76, and the three-weeks RSI is set at 40.11 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 9.31, while it was recorded at 9.01 for the last single week of trading, and 9.39 for the last 200 days.

Insight into New York Community Bancorp Inc. 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 +38.73. New York Community Bancorp Inc.’s Net Margin is presently recorded at +27.79.

Return on Equity for this stock inclined to 8.19, with Return on Assets sitting at 0.87.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NYCB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New York Community Bancorp Inc. go to -0.30%.

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

There are presently around $3,645 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 74,671,888, which is approximately -11.41% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 65,787,517 shares of the stock with an approximate value of $586.83 million in NYCB stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $318.89 million in NYCB stock with ownership of nearly -7.225% of the company’s market capitalization.

Positions in New York Community Bancorp Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 258 institutional holders increased their position in New York Community Bancorp Inc. [NYSE:NYCB] by around 47,407,764 shares. Additionally, 275 investors decreased positions by around 133,804,578 shares, while 68 investors held positions by with 227,462,652 shares. The mentioned changes placed institutional holdings at 408,674,994 shares, according to the latest SEC report filing. NYCB stock had 75 new institutional investments in for a total of 13,246,911 shares, while 86 institutional investors sold positions of 57,887,424 shares during the same period.


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