Moreover, the 36-month beta value for NYCB is 0.94. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 3 as “sell.”
The public float for NYCB is 746.14M and currently, short sellers hold a 10.58% of that float. On May 07, 2024, NYCB’s average trading volume was 39.52M shares.
NYCB) stock’s latest price update
New York Community Bancorp Inc. (NYSE: NYCB)’s stock price has plunge by 3.40relation to previous closing price of 3.53. Nevertheless, the company has seen a 30.82% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-02 that New York Community Bancorp has recently undergone a CEO change, a $1 billion capital raise, and started a turnaround plan to diversify loan risk and return to profitability. The pedigree of the new board and management is impressive. Dilution for common shareholders is the main problem, but NYCB preferred stock offers no dilution, ~9x the dividend yield, seniority to common equity, and a healthy discount to par.
NYCB’s Market Performance
New York Community Bancorp Inc. (NYCB) has seen a 30.82% rise in stock performance for the week, with a 16.99% gain in the past month and a -32.41% plunge in the past quarter. The volatility ratio for the week is 9.20%, and the volatility levels for the past 30 days are at 6.34% for NYCB. The simple moving average for the last 20 days is 19.38% for NYCB stock, with a simple moving average of -57.16% 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 “Neutral.” The predicted price for NYCB in the upcoming period, according to Wedbush is $3.50 based on the research report published on May 01, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see NYCB reach a price target of $4. The rating they have provided for NYCB stocks is “Overweight” according to the report published on May 01st, 2024.
Raymond James gave a rating of “Underperform” to NYCB, setting the target price at $3 in the report published on March 18th of the current year.
NYCB Trading at 7.88% 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 -74.33% of loss for the given period.
Volatility was left at 6.34%, however, over the last 30 days, the volatility rate increased by 9.20%, as shares surge +10.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.25% lower at present.
During the last 5 trading sessions, NYCB rose by +30.82%, which changed the moving average for the period of 200-days by -69.98% in comparison to the 20-day moving average, which settled at $3.08. In addition, New York Community Bancorp Inc. saw -64.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NYCB starting from Lux Marshall, who purchase 27,100 shares at the price of $3.69 back on Mar 21 ’24. After this action, Lux Marshall now owns 64,872 shares of New York Community Bancorp Inc., valued at $99,891 using the latest closing price.
Schoels Peter, the Director of New York Community Bancorp Inc., purchase 100,000 shares at $4.15 during a trade that took place back on Feb 09 ’24, which means that Schoels Peter is holding 147,438 shares at $414,750 based on the most recent closing price.
Stock Fundamentals for NYCB
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.78 for the gross margin
The net margin for New York Community Bancorp Inc. stands at 0.01. The total capital return value is set at 0.02. Equity return is now at value -24.27, with -2.03 for asset returns.
Based on New York Community Bancorp Inc. (NYCB), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 2.97. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is 2.25 billion with net debt to EBITDA at 7.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To wrap up, the performance of New York Community Bancorp Inc. (NYCB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
