New York Community Bancorp Inc. [NYCB] stock prices are down -4.97% to $3.25 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NYCB shares have gain 19.05% over the last week, with a monthly amount drifted -22.43%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, NEW YORK COMMUNITY BANCORP, INC. CLOSES OVER $1 BILLION EQUITY INVESTMENT STRENGTHENING BALANCE SHEET AND LIQUIDITY POSITION. In a post published today on Yahoo Finance, Former Treasury Secretary Steven Mnuchin, Incoming CEO Joseph Otting, Milton Berlinski, and Allen Puwalski Appointed to NYCB Board of Directors.
From an analyst’s perspective:
New York Community Bancorp Inc. [NYSE: NYCB] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $4. Previously, Piper Sandler downgraded its rating to Neutral on March 01, 2024, and dropped its price target to $5. On February 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $5 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $5.50 on February 07, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $5 on February 07, 2024. Deutsche Bank downgraded its rating to Hold for this stock on February 02, 2024, and downed its price target to $7. In a note dated February 01, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $13 to $7.
The stock price of New York Community Bancorp Inc. [NYCB] has been fluctuating between $1.70 and $14.22 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. New York Community Bancorp Inc. [NYSE: NYCB] shares were valued at $3.25 at the most recent close of the market. An investor can expect a potential return of 176.92% based on the average NYCB price forecast.
Analyzing the NYCB fundamentals
The New York Community Bancorp Inc. [NYSE:NYCB] reported sales of 8.22B for trailing twelve months, representing a surge of 80.00%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.92%, Pretax Profit Margin comes in at 0.51%, and Net Profit Margin reading is 0.51%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.22 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.97.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.14 points at the first support level, and at 3.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.40, and for the 2nd resistance point, it is at 3.56.
Ratios To Look Out For
It’s worth pointing out that New York Community Bancorp Inc. [NYSE:NYCB]’s Current Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.23 and price to earnings (TTM) ratio is 0.97.
Transactions by insiders
Recent insider trading involved Schoels Peter, Director, that happened on Feb 09 ’24 when 100000.0 shares were purchased. Executive Chairman, DiNello Alessandro completed a deal on Feb 09 ’24 to buy 50000.0 shares. Meanwhile, SEVP & President of Mortgage Smith Lee Matthew bought 25000.0 shares on Feb 09 ’24.
