What Analysts Think About New York Community Bancorp Inc. (NYSE: NYCB)’s Potential Raise

The trading price of New York Community Bancorp Inc. (NYSE:NYCB) floating lower at last check on Monday, July 15, closing at $10.76, -2.32% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $42.66 and a 52-week low of $5.10. Over the past month, the stock has gained 9.63% in value.

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New York Community Bancorp Inc., whose market valuation is $3.78 billion at the time of this writing. The dividend yield on the company stock is 11.16%, while its Forward Dividend ratio is 1.20. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.42 per share this quarter, however they have predicted annual earnings per share of -1.5 for current year and 0.75 for next year.

Analysts have forecast the company to bring in revenue of 600.96M for the current quarter, with the likely lows of 568.4M and highs of 714.3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.43B.

On the technical side, indicators suggest NYCB has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that NYCB’s price is currently 10.46% off the SMA20 and 7.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.80, and weekly volatility stands at 6.76%. When measured over the past 30 days, the indicator reaches 5.31%. New York Community Bancorp Inc. (NYSE:NYCB)’s beta value is currently sitting at 0.99, while the Average True Range indicator is currently displaying 0.57.

To see how New York Community Bancorp Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NYCB stock’s performance was -2.32% at last check in today’s session, and -69.15% in the past year.

An evaluation of the daily trading volume of New York Community Bancorp Inc. (NYSE:NYCB) indicates that the 3-month average is 5.69 million.

Currently, records show that 351.31 million of the company’s shares remain outstanding. The insiders hold 0.60% of outstanding shares, whereas institutions hold 44.10%. However, since the stock’s price has seen -64.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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