A new trading day began on Monday, with New York Community Bancorp Inc. (NYSE: NYCB) stock price down -4.02% from the previous day of trading, before settling in for the closing price of $12.18. NYCB’s price has ranged from $5.10 to $34.47 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 56.78% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -127.92%. With a float of $302.28 million, this company’s outstanding shares have now reached $415.26 million.
In an organization with 8766 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 79.32%, operating margin of 24.97%, and the pretax margin is -14.44%.
New York Community Bancorp Inc. (NYCB) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of New York Community Bancorp Inc. is 27.19%, while institutional ownership is 43.55%. The most recent insider transaction that took place on Mar 21 ’24, was worth 99,891. In this transaction Director of this company bought 27,100 shares at a rate of $3.69, taking the stock ownership to the 64,872 shares. Before that another transaction happened on Feb 09 ’24, when Company’s SEVP & COO bought 2,000 for $4.76, making the entire transaction worth $9,520. This insider now owns 22,188 shares in total.
New York Community Bancorp Inc. (NYCB) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -127.92% per share during the next fiscal year.
New York Community Bancorp Inc. (NYSE: NYCB) Trading Performance Indicators
Here are New York Community Bancorp Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75. Likewise, its price to free cash flow for the trailing twelve months is 29.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -12.87, a number that is poised to hit -0.41 in the next quarter and is forecasted to reach 0.06 in one year’s time.
Technical Analysis of New York Community Bancorp Inc. (NYCB)
Let’s dig in a bit further. During the last 5-days, its volume was 5.21 million. That was inferior than the volume of 8.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.41%. Additionally, its Average True Range was 0.51.
During the past 100 days, New York Community Bancorp Inc.’s (NYCB) raw stochastic average was set at 79.28%, which indicates a significant increase from 57.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.28% in the past 14 days, which was lower than the 59.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.01, while its 200-day Moving Average is $12.48. However, in the short run, New York Community Bancorp Inc.’s stock first resistance to watch stands at $12.24. Second resistance stands at $12.79. The third major resistance level sits at $13.08. If the price goes on to break the first support level at $11.39, it is likely to go to the next support level at $11.09. Assuming the price breaks the second support level, the third support level stands at $10.54.
New York Community Bancorp Inc. (NYSE: NYCB) Key Stats
With a market capitalization of 4.85 billion, the company has a total of 273,545K Shares Outstanding. Currently, annual sales are 8,178 M while annual income is -79,000 K. The company’s previous quarter sales were 1,662 M while its latest quarter income was -323,000 K.
