While New York Community Bancorp Inc. has overperformed by 3.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NYCB fell by -61.58%, with highs and lows ranging from $14.22 to $1.70, whereas the simple moving average fell by -57.16% in the last 200 days.
On May 01, 2024, Wedbush Upgraded New York Community Bancorp Inc. (NYSE: NYCB) to Neutral. A report published by Piper Sandler on May 01, 2024, Upgraded its rating to ‘Overweight’ for NYCB. Raymond James also Downgraded NYCB shares as ‘Underperform’, setting a target price of $3 on the company’s shares in a report dated March 18, 2024. Barclays Initiated an Equal Weight rating on March 08, 2024, and assigned a price target of $4. Piper Sandler March 01, 2024d its ‘Overweight’ rating to ‘Neutral’ for NYCB, as published in its report on March 01, 2024. DA Davidson’s report from February 08, 2024 suggests a price prediction of $5 for NYCB shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Neutral’.
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 $0.39 per share. Further, the quarter-over-quarter decrease in sales is -49.24%, showing a negative 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 -24.27% 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 39.52M average volume. On a monthly basis, the volatility of the stock is set at 6.34%, whereas on a weekly basis, it is put at 9.20%, with a gain of 30.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.25, showing growth from the present price of $3.65, 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?
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 7.23%. 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 54.24% 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 54.24% at present.
