New York Community Bancorp Inc. [NYCB] stock is trading at $11.78, up 7.58%. 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 8.07% over the last week, with a monthly amount glided 14.93%, 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 September 26, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $14 for it. Previously, Wedbush upgraded its rating to Neutral on May 01, 2024, and elevated its price target to $3.50. On May 01, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $4 on the stock. Raymond James downgraded its rating to a Underperform but stick to its price target of $3 on March 18, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $4 as its price target on March 08, 2024. Piper Sandler downgraded its rating to Neutral for this stock on March 01, 2024, and downed its price target to $5. In a note dated February 08, 2024, DA Davidson downgraded an Neutral rating on this stock and revised its target price from $8.50 to $5.
New York Community Bancorp Inc. [NYCB] stock has fluctuated between $5.10 and $34.47 over the past year. 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 $11.78 at the most recent close of the market. An investor can expect a potential drop of -28.86% based on the average NYCB price forecast.
Analyzing the NYCB fundamentals
New York Community Bancorp Inc. [NYSE:NYCB] reported sales of 6.51B for the trailing twelve months, which represents a drop of -7.08%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.34.
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 11.23 points at the first support level, and at 10.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.08, and for the 2nd resistance point, it is at 12.38.
Ratios To Look Out For
For context, New York Community Bancorp Inc.’s Current Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 0.52.
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.
