Stocks of New York Community Bancorp Inc. (NYSE:NYCB) traded higher last session on Wall Street, down -6.92% to $3.63.
NYCB stock price is now -44.03% away from the 50-day moving average and -63.20% away from the 200-day moving average. The market capitalization of the company currently stands at $2.62B.
With the price target maintained at $3, Raymond James recently Downgraded its rating from Mkt Perform to Underperform for New York Community Bancorp Inc. (NYSE: NYCB). On March 08, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $4, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Schoels Peter, Director bought 100,000 shares of the company’s stock on Feb 09 ’24. The stock was bought for $414,750 at an average price of $4.15. Upon completion of the transaction, the Director now directly owns 147,438 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Executive Chairman DiNello Alessandro bought 50,000 shares of the business’s stock. A total of $209,480 was incurred on buying the stock at an average price of $4.19. This leaves the insider owning 114,305 shares of the company worth $0.41 million. A total of 2.16% of the company’s stock is owned by insiders.
During the past 12 months, New York Community Bancorp Inc. has had a low of $1.70 and a high of $14.22. The fifty day moving average price for NYCB is $6.3536 and a two-hundred day moving average price translates $9.8309 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at -$0.27, missing analysts’ expectations of $0.28 by -0.55. This compares to $0.31 EPS in the same period last year. The net profit margin was -1.45% and return on equity was -1.01% for NYCB. The company reported revenue of $1.45 billion for the quarter, compared to $681.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 112.48 percent. For the current quarter, analysts expect NYCB to generate $653.38M in revenue.
New York Community Bancorp Inc.(NYCB) Company Profile
New York Community Bancorp, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and other loans, such as home equity lines of credit, boat and recreational vehicle indirect lending, point of sale consumer loans, and other consumer loans, including overdraft loans. The company offers cash management products; non-deposit investment and insurance products; and online banking, mobile banking, and bank-by-phone services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is headquartered in Hicksville, New York.
