New York Community Bancorp Inc. (NYSE:NYCB) price on current trading day, fall -0.99% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.69.
A look at the stock’s price movement, the level at last check in today’s session was $11.81, moving within a range at $11.505 and $11.88. The beta value (5-Year monthly) was 0.987. Turning to its 52-week performance, $34.47 and $5.10 were the 52-week high and 52-week low respectively. Overall, NYCB moved 9.69% over the past month.
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New York Community Bancorp Inc.’s market cap currently stands at around $4.86 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-25. The company has a Forward Dividend ratio of 0.70, with its dividend yield at 5.99%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 512.8M for the company’s revenue for the quarter, with a low and high estimate of 456.2M and 545.3M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.22B, representing a -37.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NYCB is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend NYCB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NYCB’s current price about 2.09% and 5.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.09, while 7-day volatility ratio is 3.68% and 3.73% in the 30-day chart. Further, New York Community Bancorp Inc. (NYCB) has a beta value of 0.99, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $9.75, forecast between a low of $3.5 and high of $10.5. Looking at the price targets, the low is 70.06% off recent price level in today’s trading while to achieve the yearly target high, it has to move 10.18%. Nonetheless, investors will most likely welcome a 16.6% jump to $9.75 which is the analysts’ median price.
If we refocus on New York Community Bancorp Inc. (NYSE:NYCB), historical trading data shows that trading volumes averaged 4.97 over the past 10 days and 6.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 415.26 million shares.
The 27.21% of New York Community Bancorp Inc.’s shares are in the hands of company insiders while institutional holders own 43.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 39.03 million on 2024-09-30, giving us a short ratio of 5.32. The data shows that as of 2024-09-30 short interest in New York Community Bancorp Inc. (NYCB) stood at 1050.0 of shares outstanding, with shares short falling to 39.08 million registered in 2024-08-30. Current price change has pushed the stock -61.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NYCB stock continues to rise going into the next quarter.
