While New York Community Bancorp Inc. has underperformed by -23.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NYCB fell by -68.07%, with highs and lows ranging from $14.22 to $3.32, whereas the simple moving average fell by -73.30% in the last 200 days.
On March 01, 2024, Piper Sandler Downgraded New York Community Bancorp Inc. (NYSE: NYCB) to Neutral. A report published by DA Davidson on February 08, 2024, Downgraded its rating to ‘Neutral’ for NYCB. JP Morgan also Downgraded NYCB shares as ‘Neutral’, setting a target price of $5.50 on the company’s shares in a report dated February 07, 2024. BofA Securities February 07, 2024d the rating to Neutral on February 07, 2024, and set its price target from $8.50 to $5. Deutsche Bank February 02, 2024d its ‘Buy’ rating to ‘Hold’ for NYCB, as published in its report on February 02, 2024. RBC Capital Mkts’s report from February 01, 2024 suggests a price prediction of $7 for NYCB shares, giving the stock a ‘Sector Perform’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of New York Community Bancorp Inc. (NYCB)
Investors in New York Community Bancorp Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.56 per share. Further, the quarter-over-quarter increase in sales is 80.00%, showing a positive trend in the upcoming months.
One of the most important indicators of New York Community Bancorp Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 23.90% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and NYCB is recording 26.77M average volume. On a monthly basis, the volatility of the stock is set at 11.97%, whereas on a weekly basis, it is put at 13.58%, with a loss of -38.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.96, showing growth from the present price of $2.73, which can serve as yet another indication of whether NYCB is worth investing in or should be passed over.
How Do You Analyze New York Community Bancorp Inc. Shares?
The Banks – Regional market is dominated by New York Community Bancorp Inc. (NYCB) based in the USA. When comparing New York Community Bancorp Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 0.82, there is a growth in quarterly earnings of -219.96%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 69.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NYCB shares are owned by institutional investors to the tune of 69.83% at present.
