The stock of New York Community Bancorp Inc. (NYCB) has gone up by 7.92% for the week, with a 3.16% rise in the past month and a 24.62% rise in the past quarter. The volatility ratio for the week is 5.97%, and the volatility levels for the past 30 days are 5.57% for NYCB. The simple moving average for the last 20 days is 5.68% for NYCB’s stock, with a simple moving average of -21.67% for the last 200 days.
Is It Worth Investing in New York Community Bancorp Inc. (NYSE: NYCB) Right Now?
The 36-month beta value for NYCB is at 0.98. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 3 as “sell.”
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The public float for NYCB is 323.00M, and currently, shorts hold a 12.10% of that float. The average trading volume for NYCB on September 23, 2024 was 7.05M shares.
NYCB) stock’s latest price update
New York Community Bancorp Inc. (NYSE: NYCB) has experienced a decline in its stock price by -4.59 compared to its previous closing price of 11.99. However, the company has seen a gain of 7.92% in its stock price over the last five trading days. fool.com reported 2024-09-20 that Few market players are bullish on the lender these days; one, at least, rates it a neutral. That represents an upgrade from his former evaluation, which was the equivalent of sell.
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 7.58% 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 -67.35% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares surge +9.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.62% upper at present.
During the last 5 trading sessions, NYCB rose by +7.92%, which changed the moving average for the period of 200-days by -61.21% in comparison to the 20-day moving average, which settled at $10.88. In addition, New York Community Bancorp Inc. saw -62.72% 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.
Signorille-Browne Julie, the SEVP & COO of New York Community Bancorp Inc., purchase 2,000 shares at $4.76 during a trade that took place back on Feb 09 ’24, which means that Signorille-Browne Julie is holding 22,188 shares at $9,520 based on the most recent closing price.
Stock Fundamentals for NYCB
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.79 for the gross margin
The net margin for New York Community Bancorp Inc. stands at -0.11. The total capital return value is set at 0.02. Equity return is now at value -31.76, with -2.63 for asset returns.
Based on New York Community Bancorp Inc. (NYCB), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 3.34. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is 2.25 billion with net debt to EBITDA at 6.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.35. The receivables turnover for the company is 2.28for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
In conclusion, New York Community Bancorp Inc. (NYCB) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
