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The closing price of New York Community Bancorp Inc. (NYSE: NYCB) was $11.52 for the day, up 4.54% from the previous closing price of $11.02. In other words, the price has increased by $4.54 from its previous closing price. On the day, 5.57 million shares were traded. NYCB stock price reached its highest trading level at $11.55 during the session, while it also had its lowest trading level at $10.85.
Ratios:
Our analysis of NYCB’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 3.02 whereas as Long-Term Debt/Eq ratio is at 2.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on May 01, 2024, Upgraded its rating to Neutral and sets its target price to $3.50 from $3 previously.
On May 01, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $4.
Raymond James Downgraded its Mkt Perform to Underperform on March 18, 2024, while the target price for the stock was maintained at $3.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 21 ’24 when Lux Marshall bought 27,100 shares for $3.69 per share. The transaction valued at 99,891 led to the insider holds 64,872 shares of the business.
Schoels Peter bought 100,000 shares of NYCB for $414,750 on Feb 09 ’24. The Director now owns 147,438 shares after completing the transaction at $4.15 per share. On Feb 09 ’24, another insider, DiNello Alessandro, who serves as the Executive Chairman of the company, bought 50,000 shares for $4.19 each. As a result, the insider paid 209,480 and bolstered with 114,305 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NYCB now has a Market Capitalization of 4047724800 and an Enterprise Value of 18824550400. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 6.828.
Stock Price History:
The Beta on a monthly basis for NYCB is 0.98, which has changed by -0.6898223 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, NYCB has reached a high of $42.66, while it has fallen to a 52-week low of $5.10. The 50-Day Moving Average of the stock is 14.37%, while the 200-Day Moving Average is calculated to be -38.07%.
Shares Statistics:
NYCB traded an average of 6.20M shares per day over the past three months and 8090620 shares per day over the past ten days. A total of 351.31M shares are outstanding, with a floating share count of 305.71M. Insiders hold about 12.98% of the company’s shares, while institutions hold 38.64% stake in the company. Shares short for NYCB as of 1719532800 were 31759948 with a Short Ratio of 5.12, compared to 1717113600 on 29401262. Therefore, it implies a Short% of Shares Outstanding of 31759948 and a Short% of Float of 10.319999600000001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.68, NYCB has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.15245008The stock’s 5-year Average Dividend Yield is 7.3.
