In yesterday’s Wall Street session, New York Community Bancorp Inc. (NYSE:NYCB) shares traded at $12.00, up 5.08% from the previous session.
NYCB stock price is now 13.99% away from the 50-day moving average and -19.24% away from the 200-day moving average. The market capitalization of the company currently stands at $4.47B.
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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 $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, SEVP & COO Signorille-Browne Julie bought 2,000 shares of the business’s stock. A total of $9,520 was incurred on buying the stock at an average price of $4.76. This leaves the insider owning 22,188 shares of the company worth $0.27 million. A total of 13.30% 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 $35.04. The fifty day moving average price for NYCB is $10.5708 and a two-hundred day moving average price translates $14.77605 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for 2024-06-30. The net profit margin was -48.65% and return on equity was -31.76% for NYCB. The company reported revenue of $1.55 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.34 percent.
