In yesterday’s Wall Street session, New York Community Bancorp Inc. (NYSE:NYCB) shares traded at $11.84, down -0.50% from the previous session.
NYCB stock price is now 9.77% away from the 50-day moving average and -7.90% away from the 200-day moving average. The market capitalization of the company currently stands at $4.92B.
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With the price target maintained at $14, Barclays recently Upgraded its rating from Equal Weight to Overweight for New York Community Bancorp Inc. (NYSE: NYCB). On May 01, 2024, Wedbush Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $3 to quote $3.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
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 $0.77 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 $0.26 million. A total of 27.19% 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 $34.47. The fifty day moving average price for NYCB is $10.786 and a two-hundred day moving average price translates $12.8554 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.
