Is It the fundamentals that draw people into New York Community Bancorp Inc. [NYCB]

New York Community Bancorp Inc. [NYCB] has traded in a range of $7.72 to $12.10 in the last 1 year. As of this writing, the stock is at $10.05, up 0.85%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, NYCB shares are 7.21% up with the monthly amount drift of 19.86% and seems well in a long time frame.

On 23, November 2020, New York Community Bancorp, Inc. Declares A Quarterly Cash Dividend On Its Preferred Stock. According to news published on Yahoo Finance, The Board of Directors of New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) announced the declaration of a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB PA) at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of the Series A preferred stock.

Analyst Birdseye View:

The most recent analyst activity for New York Community Bancorp Inc. [NYSE:NYCB] stock was on April 14, 2020, when it was Initiated with a Neutral rating from Compass Point. Before that, on November 06, 2020, Morgan Stanley Recapitulated an Equal-weight rating and elevated its amount target to $9.50. On April 13, 2020, RBC Capital Mkts Upgrade an Outperform rating and boosted its price target on this stock to $12. On April 13, 2020, B. Riley FBR Upgrade a Buy rating and increased its price target from $11.50 to $13. On February 10, 2020, Piper Sandler Upgrade an Overweight rating and increased its price target to $13. On January 30, 2020, B. Riley FBR Downgrade a Neutral rating and boosted its amount target on this stock to $11.50. On October 31, 2019, RBC Capital Mkts Downgrade a Sector perform rating and boosted its target amount on this stock to $13.

In the past 52 weeks of trading, this stock has oscillated between a low of $7.72 and a peak of $12.10. Right now, the middling Wall Street analyst 12-month amount mark is $10.50. At the most recent market close, shares of New York Community Bancorp Inc. [NYSE:NYCB] were valued at $10.05. According to the average price forecast, investors can expect a potential return of -5.24%.

FUNDAMENTAL ANALYSIS

New York Community Bancorp Inc. [NYSE:NYCB] most recently reported quarterly sales of 418.05 billion, which represented growth of -8.10%. This publicly-traded organization’s revenue is $678,767 per employee, while its income is $140,240 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.74, 5.85, 2.43 and 2.43 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 68.86 and the whole liability to whole assets at 27.62. It shows enduring liability to the whole principal at 44.03 and enduring liability to assets at 0.18 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.81 points at 1st support level, the second support level is making up to 9.67. But as of 1st resistance point, this stock is sitting at 10.08 and at 10.20 for 2nd resistance point.

New York Community Bancorp Inc. [NYCB] reported its earnings at $0.23 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.23/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.21 calling estimates for $0.19/share with the difference of 0.02 depicting the surprise of 10.50%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.96, it’s amount to book ratio is 0.90 and showing 11.99 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Savarese Lawrence J., Director, and it was the purchase of 2000.0 shares on Mar 17. Savarese Lawrence J., the Director, completed a purchase of 3000.0 shares on Mar 13.