Currently, there are 722.07M common shares owned by the public and among those 708.14M shares have been available to trade.
Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 467,287 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 193,229 shares.
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The company’s stock has a 5-day price change of -8.32% and -50.17% over the past three months. NYCB shares are trading -55.82% year to date (YTD), with the 12-month market performance down to -50.00% lower. It has a 12-month low price of $3.60 and touched a high of $14.22 over the same period. NYCB has an average intraday trading volume of 24.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -25.07%, -47.32%, and -56.51% respectively.
Institutional ownership of New York Community Bancorp Inc. (NYSE: NYCB) shares accounts for 69.73% of the company’s 722.07M shares outstanding.
It has a market capitalization of $3.26B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 1.35, while the earnings-per-share (ttm) stands at $3.34. The company has a debt-to-equity ratio at 1.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.47% over the week and 11.32% over the month.
Analysts forecast that New York Community Bancorp Inc. (NYCB) will achieve an EPS of $0.13 for the current quarter, $0.15 for the next quarter and $0.91 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -79.77%, and 37.85% over the next financial year. EPS should shrink at an annualized rate of -0.30% over the next five years, compared to 32.89% over the past 5-year period.
Looking at the support for the NYCB, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on February 08, 2024, with the firm’s price target at $8.50-$5. JP Morgan coverage for the New York Community Bancorp Inc. (NYCB) stock in a research note released on February 07, 2024 offered a Neutral rating with a price target of $5.50. BofA Securities was of a view on February 07, 2024 that the stock is Neutral, while Deutsche Bank gave the stock Hold rating on February 02, 2024, issuing a price target of $15- $7. RBC Capital Mkts on their part issued Sector Perform rating on February 01, 2024.
