New York Community Bancorp Inc. (NYSE:NYCB) currently has a daily average trading volume of 9.77M but it saw 5051743 shares traded on Wednesday. With a market cap of 4.46B USD, stock’s current market price of $9.46 came rising about 0.32 while comparing to the previous closing price of $9.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.56 and as low as $8.17. In the recent trading on the day, stock has struck highest price mark of $9.47 while lowest mark touched by it was $9.345.
Taking a look at 20-day trading activity of New York Community Bancorp Inc. (NYCB) gives us an average price of $9.31, while its current price level is -30.26% below from 52-week high level whereas it is 15.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.01 while that of 200 days or SMA-200 reads an average of $9.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.01% during that period while stretching the period over a month that increases to 3.51%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.33 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wedbush which resumed the stock as “Neutral” in its note to investors issued on September 28, 2022, recommending a price target of $10 for it. B. Riley Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $16 and $11.
Over the week, NYCB’s stock price is moving -2.17% down while it is 5.70% when we observe its performance for the past one month. Year-to-date it is -22.52% down and over the past year, the stock is showing a downside performance of -25.04%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.31 beaten by the consensus estimate of $0.32 for the same. The company is expected to be releasing its next quarterly report in 01/25/2023, for which analysts forecasted an EPS of $0.3 while estimate for next year EPS is $1.29. For NYCB, analysts are forecasting an EPS-growth rate of 4.00% for current year and estimate for EPS growth in next year is -7.80%. In next quarter, company is expected to be making quarterly sales of $559.48 million as analysts are expecting the sales for current fiscal year at $1.54 billion and seeing the company making $2.29 billion in sales next year. Moreover, analysts are in estimates of $503.98 million for current-quarter revenue.
Currently, New York Community Bancorp Inc.’s total number of outstanding shares is 465.12M with 1.66% of that held by the insiders while 64.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.90% and return on equity (ROE) at 9.20%. It has a price to earnings ratio (P/E ratio) of 7.50 while having a 8.16 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 0.70 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is 1.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.04% in the New York Community Bancorp Inc. (NYCB) increasing its stake to 3.01% with control over 5446.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 14,008,690 of company’s common stock of worth $130.42 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in New York Community Bancorp Inc., as Vanguard Total Stock Market Index picked 13,203,966 shares of worth $122.93 million to bring its holdings to a total of 29173.0 shares. In the most recent quarter, iShares Tr – Select Dividend ETF came rising its stake by 0.03% in the company and now holds 11.66 million or 2.50% of the company’s stake having worth of about 108.53 million.