New York Community Bancorp, Inc. (NYCB): Analyst Ratings You Should Pay Attention To

Analysts at Piper Jaffray upped their rating on shares of New York Community Bancorp, Inc. (NYSE:NYCB) from Underweight to Neutral in their opinion released on October 26. Analysts at B. Riley FBR, Inc. issued an upgrade from Sell to Neutral for the stock, in a research note that dated back to February 12.

By watching the trading activity of corporate insiders, it will become easier to get a sense of New York Community Bancorp, Inc. (NYSE:NYCB)’s prospects. The earliest insider trade took place on 09/08/2016. Ciampa Dominick gathered a total of 9.35 thousand shares of company at average share price of $15.43. The total for the purchase was set at $144.27 thousand. After this transaction, the Director account balance stood at 749.99 thousand shares. The stock lost -35.32 percent since that insider purchase. On 05/04/2016, Ciampa Dominick, Director, purchased 10 thousand shares at a price per share of $14.48. This added 144.8 thousand shares to the insider’s fortune and the stock saw a -31.08 percent retreat in value since the news became public. This transaction left 740.64 thousand shares in the Director account. On 03/23/2016, Director Ciampa Dominick performed a purchase transaction worth $158.1 thousand. This purchase at $15.81 each has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -36.88 percent decrease since the transaction was reported. The insider now is left with 705.64 thousand shares remaining in the account. Ciampa Dominick, who performs the Director job, bought 10 thousand shares for $148 thousand. The acquisition occurred on 02/11/2016 was priced at $14.8 per share. The share price plunged -32.57 percent since the reporting date. Ciampa Dominick now left with a stake of 695.64 thousand NYCB stock worth $7.16 million after the insider buying.

New York Community Bancorp, Inc. (NYCB) is expected to jump by 2.04 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $12.5-month high price target. This represents a whopping 21.48 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $10, which represents a return potential of -2.82 percent when compared to the closing price of the stock of $10.29 on Thursday, December 06. The lowest price target for the stock is $9 — slightly more than -12.54 percent from NYCB’s current share price.

The shares are currently floating around the first support level of $10.05. Below this, the next support is placed in the zone of $9.81. Till the time, the NYCB stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 56.53 on daily chart, which may remain a cause for concern. If the price breaks below $9.81 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $10.43 mark may result into a pull-back move towards $10.57 level.

NYCB shares accumulated 0.06 points or 0.59 percent on Thursday to $10.29 with a heavy trade volume of 9.771 million shares. After opening the session at $10.06, the shares went as high as $10.325 and as low as $9.945, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $5.01 billion and now has 487.11 million shares outstanding. New York Community Bancorp, Inc. (NYCB) stock has gained 6.19 percent of market value in 21 trading days.

NYCB stock has a trailing 3-year beta of 0.6, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.77 a share in the trailing twelve months. The stock’s value has fallen -20.97 percent year to date (YTD) against a decline of -23.72 percent in 12 month’s time. The company’s shares still trade -29.18 percent away from its 1-year high of $14.53 and 15.88 percent up from 52-week low of $8.88. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of New York Community Bancorp, Inc. (NYCB) are trading at a P/E ratio of 12.75 times earnings reported for the past 12 months. The industry NYCB operates in has an average P/E of 18.6. Its P/E ratio went as low as 14.64X and as high as 16.01 over the 5-year span. Further, it is sporting a 3.06 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for New York Community Bancorp, Inc. and operating margin sits at 62.9 percent. Along with this, the net profit margin is 23.8 percent.

Analysts are forecasting revenue to suffer decline of -8.9 percent to $247M in the next fiscal quarter, while earnings are seen soaring by nearly 5.56 percent to $0.19 per share. History has shown that shares in New York Community Bancorp, Inc. have gone down on 16 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.2 per share, in line with the $0.2, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $250M, worse than the $263M analysts expected. Earnings are estimated to increase by -19.8 percent this year, -0.63 percent next year and continue to increase by 0 percent annually for the next 5 years.