New York Community Bancorp Inc. (NYSE: NYCB) has experienced a rise in its stock price by 2.32 compared to its previous closing price of 9.07. However, the company has seen a fall of -0.22% in its stock price over the last five trading days. Market Watch reported 2023-11-14 that Wedbush Securities on Tuesday downgraded New York Community Bancorp to underperform from neutral in its second ratings cut this month of the lender.
Is It Worth Investing in New York Community Bancorp Inc. (NYSE: NYCB) Right Now?
The price-to-earnings ratio for New York Community Bancorp Inc. (NYSE: NYCB) is above average at 2.32x. The 36-month beta value for NYCB is also noteworthy at 1.10. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The average price estimated by analysts for NYCB is $12.79, which is $3.51 above than the current price. The public float for NYCB is 708.62M, and at present, short sellers hold a 3.78% of that float. The average trading volume of NYCB on November 20, 2023 was 9.08M shares.
NYCB’s Market Performance
NYCB stock saw a decrease of -0.22% in the past week, with a monthly decline of -11.37% and a quarterly a decrease of -22.67%. The volatility ratio for the week is 3.96%, and the volatility levels for the last 30 days are 3.71% for New York Community Bancorp Inc. (NYCB). The simple moving average for the last 20 days is -3.18% for NYCB’s stock, with a simple moving average of -11.20% for the last 200 days.
Analysts’ Opinion of NYCB
Many brokerage firms have already submitted their reports for NYCB stocks, with Wedbush repeating the rating for NYCB by listing it as a “Underperform.” The predicted price for NYCB in the upcoming period, according to Wedbush is $8 based on the research report published on November 14, 2023 of the current year 2023.
NYCB Trading at -11.98% from the 50-Day Moving Average
After a stumble in the market that brought NYCB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.74% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares sank -8.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.89% lower at present.
During the last 5 trading sessions, NYCB fell by -0.22%, which changed the moving average for the period of 200-days by -10.85% in comparison to the 20-day moving average, which settled at $9.54. In addition, New York Community Bancorp Inc. saw 7.91% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NYCB starting from Davis Reginald E, who sale 11,000 shares at the price of $9.84 back on Nov 02. After this action, Davis Reginald E now owns 70,416 shares of New York Community Bancorp Inc., valued at $108,207 using the latest closing price.
Davis Reginald E, the Sr EVP & President of Banking of New York Community Bancorp Inc., sale 24,000 shares at $12.60 during a trade that took place back on Aug 14, which means that Davis Reginald E is holding 81,416 shares at $302,390 based on the most recent closing price.
Stock Fundamentals for NYCB
Current profitability levels for the company are sitting at:
- +38.62 for the present operating margin
The net margin for New York Community Bancorp Inc. stands at +27.52. The total capital return value is set at 3.33, while invested capital returns managed to touch 3.21. Equity return is now at value 31.22, with 3.18 for asset returns.
Based on New York Community Bancorp Inc. (NYCB), the company’s capital structure generated 243.13 points at debt to equity in total, while total debt to capital is 70.86. Total debt to assets is 23.68, with long-term debt to equity ratio resting at 133.41. Finally, the long-term debt to capital ratio is 36.66.
When we switch over and look at the enterprise to sales, we see a ratio of 3.69, with the company’s debt to enterprise value settled at 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
In summary, New York Community Bancorp Inc. (NYCB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.