Wedbush lifts New York Community Bancorp Inc. [NYCB] price estimate. Who else is bullish?

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New York Community Bancorp Inc. [NYSE: NYCB] plunged by $0.0 during the normal trading session on while it closed the day at $3.06.

New York Community Bancorp Inc. stock has also loss -2.55% of its value over the past 7 days. However, NYCB stock has declined by -17.52% in the 3 months of the year. Over the past six months meanwhile, it has lost -71.02% and lost -70.09% year-on date.

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The market cap for NYCB stock reached $2.51 billion, with 722.07 million shares outstanding and 712.79 million shares in the current float. Compared to the average trading volume of 17.25M shares, NYCB reached a trading volume of 23879317 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 $4.25 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 2.79. 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.

Wedbush 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 May 01, 2024. The new note on the price target was released on May 01, 2024, representing the official price target for New York Community Bancorp Inc. stock. Previously, the target price had yet another raise to $3, while Raymond James analysts kept a Underperform rating on NYCB stock.

The Average True Range (ATR) for New York Community Bancorp Inc. is set at 0.17, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.31.

NYCB stock trade performance evaluation

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 -2.55. With this latest performance, NYCB shares dropped by -10.79% in over the last four-week period, additionally sinking by -71.02% over the last 6 months – not to mention a drop of -71.35% 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 42.67, with the RSI for the last a single of trading hit 40.74, and the three-weeks RSI is set at 43.48 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 3.25, while it was recorded at 3.08 for the last single week of trading, and 7.01 for the last 200 days.

New York Community Bancorp Inc. [NYCB]: An insightful look at the core fundamentals

New York Community Bancorp Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.67.

Earnings per share (EPS) analysis for New York Community Bancorp Inc. [NYCB] stock

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]: Institutional Ownership

The top three institutional holders of NYCB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NYCB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NYCB stock with ownership which is approximately 5.8386%.

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