Look For Institutional Buying In New York Community Bancorp Inc. (NYSE: NYCB)

New York Community Bancorp Inc. (NYCB) concluded trading on Thursday at a closing price of $10.32, with 3.57 million shares of worth about $36.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.58% during that period and on September 05, 2024 the price saw a loss of about -1.05%. Currently the company’s common shares owned by public are about 372.55M shares, out of which, 320.00M shares are available for trading.

Stock saw a price change of -2.82% in past 5 days and over the past one month there was a price change of 8.52%. Year-to-date (YTD), NYCB shares are showing a performance of -66.37% which decreased to -71.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.10 but also hit the highest price of $36.63 during that period. The average intraday trading volume for New York Community Bancorp Inc. shares is 6.43 million. The stock is currently trading -1.35% below its 20-day simple moving average (SMA20), while that difference is down -0.69% for SMA50 and it goes to -33.60% lower than SMA200.

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New York Community Bancorp Inc. (NYSE: NYCB) currently have 372.55M outstanding shares and institutions hold larger chunk of about 50.00% of that.

The stock has a current market capitalization of $3.84B and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$12.87 in the same period. It has a debt-to-equity ratio of 3.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NYCB, volatility over the week remained 4.64% while standing at 5.03% over the month.

Stock’s fiscal year EPS is expected to drop by -126.20% while it is estimated to increase by 101.87% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on May 01, 2024 offering a Neutral rating for the stock and assigned a target price range of between $3 and $3.50 to it. Coverage by Piper Sandler stated New York Community Bancorp Inc. (NYCB) stock as an Overweight in their note to investors on May 01, 2024, suggesting a price target of $4 for the stock. On March 18, 2024, Raymond James Downgrade their recommendations, while on March 08, 2024, Barclays Initiated their ratings for the stock with a price target of $4. Stock get a Neutral rating from Piper Sandler on March 01, 2024.

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