New York Community Bancorp Inc. (NYSE: NYCB) is -62.66% lower on its value in year-to-date trading and has touched a low of $5.10 and a high of $34.50 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 $11.42 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $11.46, the stock is 5.12% and 7.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.23 million and changing 0.35% at the moment leaves the stock -19.03% off its SMA200. NYCB registered -66.34% loss for a year compared to 6-month gain of 18.63%. The firm has a 50-day simple moving average (SMA 50) of $10.6712 and a 200-day simple moving average (SMA200) of $14.0632.
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The stock witnessed a 7.91% loss in the last 1 month and extending the period to 3 months gives it a 18.63%, and is 0.17% 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 3.75% over the week and 5.12% over the month.
New York Community Bancorp Inc. (NYCB) has around 8766 employees, a market worth around $4.76B and $6.51B in sales. Fwd P/E is 173.79. Profit margin for the company is -48.65%. Distance from 52-week low is 124.71% and -66.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.65%).
with sales reaching $523.37M over the same period.The EPS is expected to shrink by -126.88% this year, but quarterly earnings will post -37.10% year-over-year.
New York Community Bancorp Inc. (NYCB) Top Institutional Holders
556.0 institutions hold shares in New York Community Bancorp Inc. (NYCB), with institutional investors hold 70.47% of the company’s shares. The shares outstanding are 415.26M, and float is at 289.41M with Short Float at 14.05%. Institutions hold 70.15% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 108.19 million shares valued at $348.38 million. The investor’s holdings represent 14.6195% of the NYCB Shares outstanding. As of 2024-06-30, the second largest holder is HUDSON BAY CAPITAL MANAGEMENT LP with 88.15 million shares valued at $227.07 million to account for 11.9113 of the shares outstanding. The other top investors are REVERENCE CAPITAL PARTNERS, L.P. which holds 88.14 million shares representing 11.9105% and valued at over $283.85 million, while VANGUARD GROUP INC holds 10.6291 of the shares totaling 78.66 million with a market value of $253.29 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).
