New York Community Bancorp Inc. (NYCB): Time to Buy this stock

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New York Community Bancorp Inc. (NYSE:NYCB) changes shares on Tuesday trading session, with a change of 0.48% or $0.05 shares. The trading starts at $10.62 and closed at $10.45 throughout the day. The trading session low price was $10.50 and day high was $10.78 on Tuesday, June 23. After the session, the Financial sector daily volume shifted to 3.86 million while its average volume is 4.25M. In other hand, the NYCB market cap reached to $4.88B. While, its current target price is $10.50 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.47% and up 15.77% for month. Its quarterly performance was 11.94% above, while its half year performance is down -12.13%. NYCB yearly performance stood at positive 9.38% and fall -12.65% for year-to-date. Current recommendation for New York Community Bancorp Inc. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NYCB EPS (TTM) for 12-month is 0.77. EPS for this year is -2.70%, while for the next year its value is 0.99. Its EPS Q/Q reached 3.10%. It has an EPS of -6.80% down for past five years.

Let’s take a look on the analyst recommendations on NYCB for the current month and previous month. For the current month, 7 of 17 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 9 as Hold. As compared with the previous month ratings, 16 analysts participate in stock recommendation. Out of 16, 1 rated it sell, 5 rated it as Buy and 10 as Hold Ratings. On the other hand, target price ranges from $9.50-$14.00. Average target price for NYCB was reached at $11.72.

Barrow, Hanley Mewhinney & Strauss, LLC, Blackrock Inc. and Vanguard Group, Inc. (The) are the top three holders in New York Community Bancorp Inc. (NYCB) stock. On Mar 30, 2020, Barrow, Hanley Mewhinney & Strauss, LLC has 56.76 million shares which valued 532.94 million. On Mar 30, 2020, Blackrock Inc. owned 51.27 million shares which valued at 481.44 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 44.0 million shares which valued at 413.11 million. In the end, Vanguard Group, Inc. (The) have 9.48% shares outstanding of New York Community Bancorp Inc. (NYCB) on Mar 30, 2020. The insider ownership moved to 2.10% and institutional holding shifted to 64.30%.

The company posted an EPS (TTM) of 0.77. According to the most recent quarter report on (Jun 2020), 17 analysts estimated an average EPS of 0.19, while 0.19 EPS posted a year ago period. Analyst Estimated EPS for NYCB published in the report was 0.07-0.23 during the same period. Comparing with last year, the average estimated EPS was 0.19 which is lower than 0.2 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NYCB fall -7.13% for period of 200 days. SMA for 50 days was 3.61% which is showing green signal, while SMA-20 was -0.10%. The moving average value for New York Community Bancorp Inc. (NYCB) is 10.73 and 10.12 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NYCB stock. On Mar 17, Savarese Lawrence J., Director, bought 2,000 trading shares at the cost of $10.20, which valued at 20400.0. On Mar 13, Savarese Lawrence J., Director, bought 3,000 shares at the cost of $9.68, with total shares of 7,500.