New York Community Bancorp Inc. (NYCB) Offers An Excellent Investment Opportunity At Current Levels – Stocks Register
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New York Community Bancorp Inc. (NYCB) Offers An Excellent Investment Opportunity At Current Levels

New York Community Bancorp Inc. (NYSE:NYCB) at last check was buoying at $13.26 on Friday, January 14, with a fall of -0.30% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $13.30 and 5Y monthly beta was reading 0.96 with its price kept floating in the range of $13.27 and $13.565 on the day. Company’s P/E ratio for the trailing 12 months is 11.74. Considering stock’s 52-week price range provides that NYCB hit a high price of $14.33 and saw its price falling to a low level of $10.28 during that period. Over a period of past 1-month, stock came adding 11.95% in its value.

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With its current market valuation of $6.13 billion, New York Community Bancorp Inc. is set to declare its quarterly results on Jan 26, 2022. NYCB Stock’s Forward Dividend of 0.68 and its yield of 5.11% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.31 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $1.24 for 2021 with estimates of that growing to $1.43 in next year. These estimates are suggesting current year growth of 21.60% for EPS and 15.30% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $324.05 million. They suggested that in the process company could generate revenue of as low as $316.81 million which could climb up to $334.91 million to hit a high. The average estimate is representing an increase of 5.20% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.29 billion in 2021, which will be 17.30% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review NYCB stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the NYCB stock which is currently positioned at 0. It further provides that stock’s current price level is 6.61% away from its 20-day simple moving average and is 7.15% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 71.64 while volatility remained at 2.13% over the past week which changes to 2.00% when measuring it over the past month. Beta is valued at 0.94, while measure of average true range or ATR is currently at 0.27. In predicting price targets of as low as $12.00 and as high as $19.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $15.48. Stock’s current price level is 9.5% above from estimated low price target while it is -43.29% below the estimated high; and even if the NYCB’s share succeeded to reach the median price of $15.63, then the outlook of -17.87% could come to the excitement of the investors.

In comparing New York Community Bancorp Inc. (NYCB)’s stock with other industry players reveals that stock’s latest price change of -0.30% and that of 19.50% over the past 12 months is in competing position with that of Northwest Bancshares Inc. (NWBI) which saw its stock price raised by 0.24% in the recent trading and went through an increase of 6.19% in past 12-month trading. Industry’s another major player WVS Financial Corp. (WVFC) has fall -1.39% down in latest trading session, but over the past year has faced arise of 17.02%, while TrustCo Bank Corp NY (TRST) was also down -0.07% however its price remained floating in the red at -1.20% over the same period. New York Community Bancorp Inc. has a P/E ratio of 11.74 against that of Northwest Bancshares Inc.’s 11.83 while WVS Financial Corp. is showing 24.21 for the same. On the other hand, the S&P 500 Index is down -0.76% in the early deals today while the Dow Jones Industrial was dealinglower at -1.05%.

Having a second look at New York Community Bancorp Inc. (NYSE:NYCB) provides that stock’s average daily trading volume for 3 months was 5.77 million, while it jumped to 6.84 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 464.05 million.

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The percentage of outstanding shares held by the insiders is 1.93% while it is 65.00% for the institutional holders. The figures also indicate that as of Dec 14, 2021, number of stock’s short shares was 40.51 million which implies a short ratio of 7.38. This shows down a 8.71% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 41.88 million in the previous month. Addition of 8.93% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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