At the time of writing, New York Community Bancorp Inc. [NYCB] stock is trading at $2.95, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NYCB shares have gain 3.87% over the last week, with a monthly amount drifted -17.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
New York Community Bancorp Inc. [NYSE: NYCB] stock has seen the most recent analyst activity on March 18, 2024, when Raymond James downgraded its rating to a Underperform but kept the price target unchanged to $3 for it. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $4. On March 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $5 on the stock. DA Davidson downgraded its rating to a Neutral and decreased its price target to $5 on February 08, 2024. JP Morgan downgraded its rating to a Neutral and reduced its price target to $5.50 on February 07, 2024. BofA Securities downgraded its rating to Neutral for this stock on February 07, 2024, and downed its price target to $5. In a note dated February 02, 2024, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $15 to $7.
For the past year, the stock price of New York Community Bancorp Inc. fluctuated between $1.70 and $14.22. Currently, Wall Street analysts expect the stock to reach $6.38 within the next 12 months. New York Community Bancorp Inc. [NYSE: NYCB] shares were valued at $2.95 at the most recent close of the market. An investor can expect a potential return of 116.27% based on the average NYCB price forecast.
Analyzing the NYCB fundamentals
According to New York Community Bancorp Inc. [NYSE:NYCB], the company’s sales were 8.21B for trailing twelve months, which represents an 77.85% jump. 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 of2.65.
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 2.90 points at the first support level, and at 2.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.99, and for the 2nd resistance point, it is at 3.04.
Ratios To Look Out For
It is important to note that New York Community Bancorp Inc. [NYSE:NYCB] has a current ratio of 0.03. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.27.
Transactions by insiders
Recent insider trading involved Lux Marshall, Director, that happened on Mar 21 ’24 when 27100.0 shares were purchased. Director, Schoels Peter completed a deal on Feb 09 ’24 to buy 100000.0 shares. Meanwhile, Executive Chairman DiNello Alessandro bought 50000.0 shares on Feb 09 ’24.
