A Guide To The Risks Of Investing In New York Community Bancorp Inc. (NYCB)

CHWY Stock
CHWY Stock

New York Community Bancorp Inc.’s filing revealed that its Director Lux Marshall acquired Company’s shares for reported $51780.0 on Sep 30. In the deal valued at $8.63 per share,6,000 shares were bought. As a result of this transaction, Lux Marshall now holds 6,000 shares worth roughly $ 53340.0.

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Then, Rosenfeld Ronald A. bought 35,000 shares, generating $480,162 in total proceeds. Upon buying the shares at $13.72, the Director now owns 30,000 shares.

PT values the company’s stock at a premium of 11.1 to its Friday closing price. B. Riley Securities also remained covering NYCB and has decreased its forecast on June 14, 2022 with a “Neutral” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on June 03, 2022. It rated NYCB as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of NYCB

On Friday, New York Community Bancorp Inc. [NYSE:NYCB] remained unchanged $8.89. On the same session, the stock had its day’s lowest price of $8.73, but rose to a high of $9.00. Over the last five days, the stock has lost -4.00%. New York Community Bancorp Inc. shares have fallen nearly -27.19% since the year began. Nevertheless, the stocks have fallen -28.19% over the past one year. While a 52-week high of $13.56 was reached on 01/13/22, a 52-week low of $8.17 was recorded on 10/13/22. SMA at 50 days reached $9.10, while 200 days put it at $9.99. A total of 20.21 million shares were traded, compared to the trading of 23.82 million shares in the previous session.

Levels Of Support And Resistance For NYCB Stock

The 24-hour chart illustrates a support level at 8.75, which if violated will result in even more drops to 8.60. On the upside, there is a resistance level at 9.02. A further resistance level may holdings at 9.14. The Relative Strength Index (RSI) on the 14-day chart is 49.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.58%. Stochastics %K at 48.26% indicates the stock is a holding.

How much short interest is there in New York Community Bancorp Inc.?

A steep rise in short interest was recorded in New York Community Bancorp Inc. stocks on Jul 14, 2022, dropping by -1.35 million shares to a total of 47.12 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 48.47 million shares. There was a decline of -2.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.53% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.82.

New York Community Bancorp Inc. [NYCB] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 48,730,948 shares, or roughly 10.45% of the outstanding NYCB shares. In other words, the investor’s shares have risen by 1,308,494 from its previous 13-F filing of 47422454.0. Additionally, The Vanguard Group, Inc. increased 4.17% of its stake after which the total value it holdings stand at $368,803,652, while Dimensional Fund Advisors LP added 18.87% of its stake to hold $201.56 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -654,285 shares of New York Community Bancorp Inc., while Peter B. Cannell & Co., Inc. sold 43,915 shares. At present, Geode Capital Management LLC is holding 6,237,008 shares valued at $53.2 million. Renaissance Technologies LLC owned 6,054,525 shares of the company at the time of its most recent 13F filing, worth $51.65 million.

According to FactSet, New York Community Bancorp Inc.’s share price will average $10.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.49 percent from its previous closing price of $8.89. Analysts expect New York Community Bancorp Inc. stock to reach the higher price of $12.50, while the lowest price estimate is $8.50. However, 13 analysts have rated NYCB stock as an Overweight in their predictions for 2022.


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