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New York Community Bancorp Inc. (NYCB) Looks Ready for Growth Despite -69.99% Change This Year

New York Community Bancorp Inc. (NYSE: NYCB) is -69.99% lower on its value in year-to-date trading and has touched a low of $1.70 and a high of $14.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NYCB stock was last observed hovering at around $3.21 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $3.07, the stock is -10.83% and -40.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.94 million and changing -4.36% at the moment leaves the stock -67.67% off its SMA200. NYCB registered -65.77% loss for a year compared to 6-month loss of -72.93%.

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The stock witnessed a -13.52% gain in the last 1 month and extending the period to 3 months gives it a -69.99%, and is -7.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.47% over the week and 16.77% over the month.

New York Community Bancorp Inc. (NYCB) has around 8766 employees, a market worth around $2.45B and $8.21B in sales. Fwd P/E is 10.38. Profit margin for the company is -1.45%. Distance from 52-week low is 80.59% and -78.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.53%).

New York Community Bancorp Inc. quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $652.49M over the same period.The EPS is expected to shrink by -104.93% this year, but quarterly earnings will post -26.70% year-over-year. Quarterly sales are estimated to grow 24.30% in year-over-year returns.

New York Community Bancorp Inc. (NYCB) Top Institutional Holders

678 institutions hold shares in New York Community Bancorp Inc. (NYCB), with institutional investors hold 69.59% of the company’s shares. The shares outstanding are 797.92M, and float is at 734.45M with Short Float at 9.17%. Institutions hold 68.69% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 84.61 million shares valued at $951.01 million. The investor’s holdings represent 11.71% of the NYCB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 73.0 million shares valued at $820.48 million to account for 10.10% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 62.95 million shares representing 8.71% and valued at over $707.5 million, while Dimensional Fund Advisors LP holds 4.66% of the shares totaling 33.68 million with a market value of $378.59 million.

New York Community Bancorp Inc. (NYCB) Insider Activity

The most recent transaction is an insider purchase by Lux Marshall,the company’sDirector. SEC filings show that Lux Marshall bought 27,100 shares of the company’s common stock on Mar 21 ’24 at a price of $3.69 per share for a total of $99891.0. Following the purchase, the insider now owns 64872.0 shares.

New York Community Bancorp Inc. disclosed in a document filed with the SEC on Feb 09 ’24 that Schoels Peter (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $4.15 per share for $0.41 million. Following the transaction, the insider now directly holds 0.15 million shares of the NYCB stock.

Still, SEC filings show that on Feb 09 ’24, DiNello Alessandro (Executive Chairman) acquired 50,000 shares at an average price of $4.19 for $0.21 million. The insider now directly holds 114,305 shares of New York Community Bancorp Inc. (NYCB).

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