Taking into account all relevant factors, New York Community Bancorp, Inc. (NYSE:NYCB) scores 16% Buy on the technical side. The share price is also flashing a Sell from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for NYCB averaged 25% Sell with an average daily trading volume over the past 20 days at 3852660 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Buy signal while the 50-day average daily volume remained almost 4286098 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling50% Buy for long term investors.
The stock is lingering around the initial support level of $11.66. After this, the following support is at the zone of $11.56. Up until the time the NYCB stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 35.43 on the daily chart, and this may be a cause for comfort. In case the price goes below $11.56 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $11.82 level may cause a pull-back move approaching $11.88 mark.
New York Community Bancorp, Inc. (NYCB) is most likely going to rise 4.85 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $14-month high price target. This represents a whopping 19.05 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $12.25, which means a return possibility of 4.17 percent in comparison with the closing price of the stock of $11.76 on December 03. The lowest price set for the stock is $11 — just above -6.46 percent from NYCB share price now.
Let’s take a glimpse at some insider activity at New York Community Bancorp, Inc. (NYSE:NYCB) and observe the pattern. The earliest insider trade happened on 03/27/2019. CIAMPA DOMINICK gathered a total of 34 thousand shares of the firm at average share price of $11.61. The total amount for the purchase was set at $394.74 thousand. On completing this exchange, the Director account balance was 570.91 thousand shares. The stock grew 1.64 percent from that insider purchase. On 09/08/2016, CIAMPA DOMINICK, Director, did a purchase of 9.35 thousand shares at a price of $15.43 per share. This increased 144.27 thousand shares to the insider’s fortune and the stock experienced a -23.53 percent retreat in price since the news became public. This exchange saw 749.99 thousand shares get into the Director account. On 05/04/2016, Director CIAMPA DOMINICK recorded a purchase transaction valued at $144.8 thousand. The purchase at $14.48 a share has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed -18.51 percent decrease since the transaction reporting date. The company insider is left with 740.64 thousand shares remaining in the account. CIAMPA DOMINICK, who works as Director at the company, performed a purchase of 10 thousand shares in a transaction worth $158.1 thousand. The acquisition recorded on 03/23/2016 was priced at $15.81 per share. The stock price plunged -25.36 percent since the transaction. CIAMPA DOMINICK currently holds a stake of 705.64 thousand in NYCB stock which is worth $8.3 million after the insider buying.
On December 03, 2019, New York Community Bancorp, Inc. (NYSE:NYCB) shares lost -0.34% or -0.04 points to close at $11.76 with a thin trading volume of 4.405 million shares. It opened the trading session at $11.71, the shares rose to $11.78 and dropped to $11.62, the range by which the price of stock traded the whole day. The company now has a market cap of $5.49 billion and currently has 466.95 million outstanding shares. New York Community Bancorp, Inc. (NYCB) stock has accumulated 0.6 percent of market value in 21 trading days.
Stock analysts at RBC Capital Mkts cut their rating on shares of New York Community Bancorp, Inc. (NYSE:NYCB) from Outperform to a new rating of Sector Perform in their opinion released on October 31. Analysts at JP Morgan issued an upgrade for the stock to Neutral from previous rating of Underweight, in a research note that dated back to August 01.
NYCB stock’s trailing 3-year beta is 0.99, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.76 share in the trailing 52 weeks. The stock’s value surged 24.97 percent year to date (YTD) compared to a rise of 10.63 percent in 52 week’s period. The firm’s shares are still trading -14.72 percent below its 1-year high of $13.79 and 36.59 percent up from 52-week low of $8.61. The average consensus ranking on the company is 2.7, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
New York Community Bancorp, Inc. (NYCB) shares are trading at a P/E ratio of 15.5 times earnings posted in the trailing 12 months. The industry NYCB deals with has an average P/E of 11.3. Its P/B ratio is standing at 0.9X compared to the 1.3 industry average. It is additionally sporting a 5.3 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2.5.
Past records have indicated that shares in New York Community Bancorp, Inc. declined on 17 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of NYCB’s Q4 earnings on January 29. Analysts are predicting revenue to suffer decline of -2.6 percent to $241M in the financial fourth quarter, while EPS will soar by about 0 percent to $0.19 per share. In the last quarter, it earnings of $0.184 per share came worse than the $0.19177, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $260.03M, topping the $256.33M analysts had expected. Earnings are seen to rise by -2.9 percent this year, 12.11 percent in the coming year.