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The closing price of New York Community Bancorp Inc. (NYSE: NYCB) was $11.69 for the day, down -4.02% from the previous closing price of $12.18. In other words, the price has decreased by -$4.02 from its previous closing price. On the day, 6.75 million shares were traded. NYCB stock price reached its highest trading level at $12.4869 during the session, while it also had its lowest trading level at $11.64.
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 3.39 whereas as Long-Term Debt/Eq ratio is at 2.43.
On May 01, 2024, Wedbush Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $3 to $3.50.
Piper Sandler Upgraded its Neutral to Overweight on May 01, 2024, while the target price for the stock was maintained at $4.
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.
Signorille-Browne Julie bought 2,000 shares of NYCB for $9,520 on Feb 09 ’24. The SEVP & COO now owns 22,188 shares after completing the transaction at $4.76 per share. On Feb 09 ’24, another insider, Davis Reginald E, who serves as the Sr EVP & President of Banking of the company, bought 1,200 shares for $4.10 each. As a result, the insider paid 4,920 and bolstered with 94,317 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 4854401024 and an Enterprise Value of 15155247104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 7.48.
Stock Price History:
Over the past 52 weeks, NYCB has reached a high of $34.47, while it has fallen to a 52-week low of $5.10. The 50-Day Moving Average of the stock is 6.21%, while the 200-Day Moving Average is calculated to be -6.35%.
Shares Statistics:
NYCB traded an average of 6.29M shares per day over the past three months and 4776310 shares per day over the past ten days. A total of 415.26M shares are outstanding, with a floating share count of 302.28M. Insiders hold about 27.19% of the company’s shares, while institutions hold 43.55% stake in the company. Shares short for NYCB as of 1727654400 were 39034330 with a Short Ratio of 6.21, compared to 1724976000 on 39075528. Therefore, it implies a Short% of Shares Outstanding of 39034330 and a Short% of Float of 10.5.
Dividends & Splits
With its trailing 12-month dividend rate of 1.2, NYCB has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.09852217The stock’s 5-year Average Dividend Yield is 7.49.
