Barclays has recently raised New York Community Bancorp, Inc. (NYCB) stock to Overweight rating, as announced on September 26, 2024, according to Finviz. Earlier, on May 1, 2024, Wedbush had raised the stock from a Underperform to Neutral, setting a price target of $3.50 for NYCB stock. Piper Sandler also raised Overweight rating with a price target of $4. Additionally, Raymond James reduced Underperform rating on March 18, 2024, with a target price of $3. Barclays analysts, in their report published on March 8, 2024, also initiated Equal Weight rating and set a price target of $4 for New York Community Bancorp, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
New York Community Bancorp, Inc. (NYCB) Stock Trading Recap
On Tuesday, New York Community Bancorp, Inc. (NYCB) stock saw a modest uptick, ending the day at $11.78 which represents a slight increase of $0.09 or 0.77% from the prior close of $11.69. The stock opened at $11.7 and touched a low of $11.5 during the day, reaching a high of $11.89. The volume of shares traded was 4.59 million falling short of the average volume of 6.29 million.
Sponsored
NYCB Stock Performance and Moving Averages
In recent trading, New York Community Bancorp, Inc. (NYCB) stock price has shown some volatility, fluctuating -0.51% over the last five trades and 5.27% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 23.48%, and it has gained 7.68% in the previous three months. Currently, NYCB is trading at 3.50%, 6.56%, and -4.88% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NYCB, a Financial sector stock, is trading -65.83% below its 52-week high but remains 130.98% above its 52-week low. The Average True Range (ATR) (14 days) of 0.5 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
New York Community Bancorp, Inc.’s Profitability and Valuation Ratios
New York Community Bancorp, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -11.11% and a profit margin of -48.65%, with a gross margin of 23.48%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, New York Community Bancorp, Inc.’s market capitalization stands at $4.89 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 192.2. Additionally, the Price-to-Sales Ratio is 0.75, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.52, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 27.21% of New York Community Bancorp, Inc. (NYCB)’s shares, while financial institutions hold 43.55%.
Notable insider trades include Davis Reginald E, Sr EVP & President of Banking at New York Community Bancorp, Inc. (NYCB), who sold 11000 shares on Nov 02 ’23, at $9.84 each, totaling $0.11 million.
