New York Community Bancorp Inc. (NYSE:NYCB) shares traded 0.43% higher at $9.24 on Wall Street last session.
In accordance with the data, 19 analysts cover New York Community Bancorp Inc. (NYSE:NYCB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $8.00, we find $13.00. Given the previous closing price of $9.20, this indicates a potential upside of 41.3 percent. NYCB stock price is now -9.63% away from the 50-day moving average and -11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $6.68B.
It has been rated a hold by 4 analysts and a buy by 13. Brokers who have rated the stock have averaged $12.79 as their price target over the next twelve months.
With the price target reduced from $12 to $8, Wedbush Downgraded its rating from Neutral to Underperform for New York Community Bancorp Inc. (NYSE: NYCB).
In other news, Davis Reginald E, Sr EVP & President of Banking sold 11,000 shares of the company’s stock on Nov 02. The stock was sold for $108,207 at an average price of $9.84. Upon completion of the transaction, the Sr EVP & President of Banking now directly owns 70,416 shares in the company, valued at $0.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, Sr EVP & President of Banking Davis Reginald E sold 24,000 shares of the business’s stock. A total of $302,390 was realized by selling the stock at an average price of $12.60. This leaves the insider owning 81,416 shares of the company worth $0.75 million. Insiders disposed of 435,908 shares of company stock worth roughly $4.03 million over the past 1 year. A total of 1.91% of the company’s stock is owned by insiders.
New York Community Bancorp Inc. (NYSE: NYCB) opened at $9.17 on Tuesday. During the past 12 months, New York Community Bancorp Inc. has had a low of $5.81 and a high of $14.22. The fifty day moving average price for NYCB is $10.22 and a two-hundred day moving average price translates $10.43 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.35 by 0.01. This compares to $0.30 EPS in the same period last year. The net profit margin was 36.42% and return on equity was 31.22% for NYCB. The company reported revenue of $1.51 billion for the quarter, compared to $509.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 197.05 percent. For the current quarter, analysts expect NYCB to generate $794.55M in revenue.
