At the time of writing, New York Community Bancorp Inc. [NYCB] stock is trading at $11.44, down -4.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The NYCB shares have gain 7.92% over the last week, with a monthly amount glided 3.16%, and 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 May 01, 2024, when Wedbush upgraded its rating to a Neutral and also boosted its price target to $3.50 from $3. Previously, Piper Sandler upgraded its rating to Overweight on May 01, 2024, and kept the price target unchanged to $4. On March 18, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $3 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $4 on March 08, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $5 on March 01, 2024. DA Davidson downgraded its rating to Neutral for this stock on February 08, 2024, and downed its price target to $5. In a note dated February 07, 2024, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $11.50 to $5.50.
For the past year, the stock price of New York Community Bancorp Inc. fluctuated between $5.10 and $35.04. Currently, Wall Street analysts expect the stock to reach $8.38 within the next 12 months. New York Community Bancorp Inc. [NYSE: NYCB] shares were valued at $11.44 at the most recent close of the market. An investor can expect a potential drop of -26.75% 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 6.51B for trailing twelve months, which represents an -7.08% plunge. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.34.
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 11.29 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.72, and for the 2nd resistance point, it is at 12.01.
Ratios To Look Out For
It is important to note that New York Community Bancorp Inc. [NYSE:NYCB] has a current ratio of 0.74. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 0.51.
Transactions by insiders
Recent insider trading involved Lux Marshall, Director, that happened on Mar 21 ’24 when 27100.0 shares were purchased. SEVP & COO, Signorille-Browne Julie completed a deal on Feb 09 ’24 to buy 2000.0 shares. Meanwhile, Sr EVP & President of Banking Davis Reginald E bought 1200.0 shares on Feb 09 ’24.
