New York Community Bancorp Inc. (NYSE: NYCB) Stock Is Down -33.72% From Its Low: The Uptrend Is Still On

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The trading price of New York Community Bancorp Inc. (NYSE:NYCB) floating lower at last check on Wednesday, November 24, closing at $12.61, -0.04% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $12.59 and $12.73. The company’s P/E ratio in the trailing 12-month period was 11.14, while its 5Y monthly beta was 1.06. In examining the 52-week price action we see that the stock hit a 52-week high of $14.33 and a 52-week low of $9.43. Over the past month, the stock has lost -9.66% in value.

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New York Community Bancorp Inc., whose market valuation is $5.88 billion at the time of this writing, is expected to release its quarterly earnings report Jan 25, 2022 – Jan 31, 2022. The dividend yield on the company stock is 5.39%, while its Forward Dividend ratio is 0.68. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.32 per share this quarter, however they have predicted annual earnings per share of $1.27 for 2021 and $1.44 for 2022. It means analysts are expecting annual earnings per share growth of 24.50% this year and 13.40% next year.

Analysts have forecast the company to bring in revenue of $332.23 million for the current quarter, with the likely lows of $314.6 million and highs of $339.46 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.32 billion. The company’s revenue is forecast to grow by 20.30% over what it did in 2021.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of New York Community Bancorp Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NYCB has a 25% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NYCB a recommendation rating is 14. Out of them, 6 rate it a Hold, while 7 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged New York Community Bancorp Inc. (NYCB) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that NYCB’s price is currently 0.74% off the SMA20 and -3.21% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.27, and weekly volatility stands at 1.67%. When measured over the past 30 days, the indicator reaches 2.49%. New York Community Bancorp Inc. (NYSE:NYCB)’s beta value is currently sitting at 0.96, while the Average True Range indicator is currently displaying 0.30. With analysts defining $12.00-$19.00 as the low and high price targets, we arrive at a consensus price target of $15.48 for the trailing 12-month period. The current price is about 4.84% off the estimated low and -50.67% off the forecast high, based on this estimate. Investors will be thrilled if NYCB’s share price rises to $15.63, which is the median consensus price. At that level, NYCB’s share price would be -23.95% below current price.

To see how New York Community Bancorp Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NYCB stock’s performance was -0.04% at last check in today’s session, and 35.84% in the past year, while Northwest Bancshares Inc. (NWBI) has been trading -0.42% in recent session and positioned 17.95% higher than it was a year ago. Another comparable company WVS Financial Corp. (WVFC) saw its stock trading 0.00% lower in today’s session but was up 13.70% in a year. Furthermore, TrustCo Bank Corp NY (TRST) showed a decrease of -0.09% today while its price kept inclining at 10.18% over the past year. New York Community Bancorp Inc. has a P/E ratio of 11.14, compared to Northwest Bancshares Inc.’s 11.29 and WVS Financial Corp.’s 20.72. Also during today’s trading, the S&P 500 Index has plunged -0.10%, while the Dow Jones Industrial also saw a negative session, down -0.17% today.

An evaluation of the daily trading volume of New York Community Bancorp Inc. (NYSE:NYCB) indicates that the 3-month average is 5.28 million. However, this figure has increased over the past 10 days to an average of 3.92 million.

Currently, records show that 464.05 million of the company’s shares remain outstanding. The insiders hold 1.96% of outstanding shares, whereas institutions hold 64.90%. The stats also highlight that short interest as of Aug 30, 2021, stood at 47.56 million shares, resulting in a short ratio of 9.34 at that time. From this, we can conclude that short interest is 10.23% of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 48.68 million. However, since the stock’s price has seen 19.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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