In yesterday’s Wall Street session, New York Community Bancorp Inc. (NYSE:NYCB) shares traded at $11.18, up 0.81% from the previous session.
NYCB stock price is now 11.09% away from the 50-day moving average and -40.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.93B.
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With the price target enhanced from $3 to $3.50, Wedbush Upgraded its rating from Underperform to Neutral for New York Community Bancorp Inc. (NYSE: NYCB). On May 01, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $4, while ‘Raymond James’ rates the stock as ‘Underperform’
In other news, Lux Marshall, Director bought 27,100 shares of the company’s stock on Mar 21 ’24. The stock was bought for $99,891 at an average price of $3.69. Upon completion of the transaction, the Director now directly owns 64,872 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director Schoels Peter bought 100,000 shares of the business’s stock. A total of $414,750 was incurred on buying the stock at an average price of $4.15. This leaves the insider owning 147,438 shares of the company worth $1.65 million. A total of 12.97% of the company’s stock is owned by insiders.
During the past 12 months, New York Community Bancorp Inc. has had a low of $5.10 and a high of $42.66. The fifty day moving average price for NYCB is $10.0674 and a two-hundred day moving average price translates $18.70725 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for 2024-03-31. The net profit margin was -36.65% and return on equity was -24.27% for NYCB. The company reported revenue of $1.51 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.32 percent.
