New York Community Bancorp Inc. [NYSE: NYCB] price plunged by -1.24 percent to reach at -$0.14.
The one-year NYCB stock forecast points to a potential upside of 5.43. The average equity rating for NYCB stock is currently 2.88, trading closer to a bullish pattern in the stock market.
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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 $11.79 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 2.88. 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 0.63, with the Price to Sales ratio for NYCB stock in the period of the last 12 months amounting to 0.60. The Price to Book ratio for the last quarter was 0.50. Price to Free Cash Flow for NYCB in the course of the last twelve months was 23.75.
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 -0.54. With this latest performance, NYCB shares dropped by -0.62% in over the last four-week period, additionally sinking by -15.72% over the last 6 months – not to mention a drop of -68.77% 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 57.13, with the RSI for the last a single of trading hit 59.20, and the three-weeks RSI is set at 55.54 for New York Community Bancorp Inc. [NYCB]. The present Moving Average for the last 50 days of trading for this stock 10.23, while it was recorded at 10.98 for the last single week of trading, and 16.05 for the last 200 days.
Insight into New York Community Bancorp Inc. Fundamentals:
New York Community Bancorp Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.74.
NYCB Stock EPS
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] Institutonal Ownership Details
There are presently around $67.95%, or 68.29%% of NYCB stock, in the hands of institutional investors. The top three institutional holders of NYCB stocks are: BLACKROCK INC. with ownership of 108.19 million shares, which is approximately 14.6195%. HUDSON BAY CAPITAL MANAGEMENT LP, holding 88.15 million shares of the stock with an approximate value of $$227.07 million in NYCB stocks shares; and HUDSON BAY CAPITAL MANAGEMENT LP, currently with $$283.85 million in NYCB stock with ownership which is approximately 11.9105%.
