New York Community Bancorp Inc. (NYSE: NYCB) is -64.26% lower on its value in year-to-date trading and has touched a low of $5.10 and a high of $37.41 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 $11.21 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $10.97, the stock is 6.66% and 8.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.56 million and changing -2.14% at the moment leaves the stock -33.54% off its SMA200. NYCB registered -68.93% loss for a year compared to 6-month loss of -22.03%.
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The stock witnessed a -0.45% gain in the last 1 month and extending the period to 3 months gives it a 2.14%, and is 6.71% up 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 4.63% over the week and 6.64% over the month.
New York Community Bancorp Inc. (NYCB) has around 8766 employees, a market worth around $3.86B and $6.51B in sales. Fwd P/E is 134.50. Profit margin for the company is -48.65%. Distance from 52-week low is 115.10% and -70.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.65%).
with sales reaching $523.51M over the same period.The EPS is expected to shrink by -126.16% this year, but quarterly earnings will post -37.00% year-over-year.
New York Community Bancorp Inc. (NYCB) Top Institutional Holders
552.0 institutions hold shares in New York Community Bancorp Inc. (NYCB), with institutional investors hold 67.22% of the company’s shares. The shares outstanding are 351.43M, and float is at 301.56M with Short Float at 11.26%. Institutions hold 66.89% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 70.14 million shares valued at $225.86 million. The investor’s holdings represent 9.478 of the NYCB Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 62.79 million shares valued at $202.19 million to account for 8.485 of the shares outstanding. The other top investors are STATE STREET CORP which holds 47.94 million shares representing 6.4775 and valued at over $154.36 million, while HUDSON BAY CAPITAL MANAGEMENT LP holds 3.1298 of the shares totaling 23.16 million with a market value of $61.5 million.
New York Community Bancorp Inc. (NYCB) Insider Activity
The most recent transaction is an insider purchase by Lux Marshall, the company’s Director. 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 Signorille-Browne Julie (SEVP & COO) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $4.76 per share for $9520.0. Following the transaction, the insider now directly holds 22188.0 shares of the NYCB stock.
Still, SEC filings show that on Feb 09 ’24, Davis Reginald E (Sr EVP & President of Banking) acquired 1,200 shares at an average price of $4.10 for $4920.0. The insider now directly holds 94,317 shares of New York Community Bancorp Inc. (NYCB).
