What Insider Buying Is Saying On New York Community Bancorp, Inc. (NYCB)?

At New York Community Bancorp, Inc. (NYSE:NYCB), the ratio of insider selling to insider buying over a quarter is running at 0. Could this be a sign something is cheering insiders? NYCB recorded 0 sales count on the open market in the last three months. They sold nearly zero shares while purchases amounted to 61,338 shares that period. Looking even further back to 12 months, corporate insiders offloaded 113,284 shares when buyers snapped up 562,311 shares. The 12-month’s totals signify about a 0.2-to-1 sell/buy ratio.

Ciampa Dominick gathered a total of 9.35 thousand shares of New York Community Bancorp, Inc. (NYCB) at average share price of $15.43. This insider trade in the company took place on 09/08/2016. 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 -34.48 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 -30.18 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 -36.05 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 -31.69 percent since the reporting date. Ciampa Dominick now left with a stake of 695.64 thousand NYCB stock worth $7.03 million after the insider buying.

The 12-month median price target for New York Community Bancorp, Inc. (NYCB) assigned by the analysts stands at $10, which represents a return potential of -1.09 percent when compared to the closing price of the stock of $10.11 on Friday, January 11. The lowest price target for the stock is $9 — slightly more than -10.98 percent from NYCB’s current share price. The stock will probably climb 2.87 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 23.64 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 62.37 on daily chart, which may remain a cause for concern. If the price breaks below $9.9 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $10.21 mark may result into a pull-back move towards $10.3 level. The stock is currently hovering around the first support level of $10.01. Below this, the next support is placed in the zone of $9.9. Till the time, the NYCB stock trades above this level, bulls have nothing to fear.

Shares of New York Community Bancorp, Inc. (NYCB) are trading at a P/E ratio of 14.12 times earnings reported for the past 12 months. The industry NYCB operates in has an average P/E of 19.01. Its P/E ratio went as low as 11.55X and as high as 15.7 over the 5-year span. Further, it is sporting a 3.04 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.73. 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.

On 11th of January, New York Community Bancorp, Inc. (NYSE:NYCB) shares ended lower after a volatile session. The shares dropped -0.05 points or -0.49 percent at $10.11 with a light trade volume of 6.112 million shares. After opening the session at $10.15, the shares went as high as $10.2 and as low as $10, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.98 billion and now has 492.77 million shares outstanding. New York Community Bancorp, Inc. (NYCB) stock has gained 5.31 percent of market value in 21 trading days.

NYCB stock has a trailing 3-year beta of 0.72, 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 surged 7.44 percent year to date (YTD) against a decline of -25.39 percent in 12 month’s time. The company’s shares still trade -30.42 percent away from its 1-year high of $14.53 and 17.42 percent up from 52-week low of $8.61. 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.