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New York Community Bankcor Inc. (NYCB-N)
NYSE:NYCB
10.93
0.12
(1.09%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 3 opinions in the last 12 months.
New York Community Bancorp, Inc. (NYC) is a large bank holding company with significant assets and branches across multiple states. The company is focused on excelling in all aspects of its operations, including service, community involvement, and shareholder value. However, recent inner turmoil and plunging shares have raised concerns about the company's management and financial health. The company is exploring asset sales, but experts warn that the stock is at 27-year lows and is highly speculative. Confidence in the banking sector is crucial, and the current situation has put the company's future in question.
$3.550
Unknown
Shares are plunging 22% on more inner turmoil. It's troubling. They're not managed well. Troubling that NYCB bought a company recently and the Feds didn't pick up on the company's woes. Avoid regional banks and buy the big, established ones like JPM.
NYCB tried to calm investors today, but also at the same time said it was exploring asset sales. These situations are often binary. Either it survives, and the stock doubles, or more, or it goes to zero. We would consider any long position in options as exceptionally risky, essentially a lottery ticket. The stock is at 27 year lows. One thing to remember in the banking sector is that it runs on confidence. If confidence goes, the company often follows. We would not endorse such a trade unless one just wants a pure 100% speculation with money they don't care about.
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NYCB is the second largest multi-family portfolio lender in the US, it trades at 8x earnings, under book value and supports an ROE of 30%. We like that cash reserves are growing, while retiring debt and buying back shares. It pays a good dividend, backed by a payout ratio under 20% of cash flow. We recommend a stop-loss at $10, looking to achieve $15 -- upside potential over 21%. Yield 5.6%
(Analysts’ price target is $15.34)Last week she was going to sell this, but this morning she woke to see the game has completely changed. (Shares soaring 32%.) One bank's loss is another's gain. Signature Bank is hugely accretive to NY Comm's earnings with total book value rising 15%. NY is paying down debt, reducing reliance on costlier wholesale borrowing and the yield is capital neutral, so there's no need to raise capital.
Don't be awed by their 10% yield. Pay more attention to the principal, which could go down.
New York Community Bankcor Inc.(NYCB-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 2
New York Community Bankcor Inc.(NYCB-N) Frequently Asked Questions
What is New York Community Bankcor Inc. stock symbol?
New York Community Bankcor Inc. is a American stock, trading under the symbol NYCB-N on the New York Stock Exchange (NYCB). It is usually referred to as NYSE:NYCB or NYCB-N
Is New York Community Bankcor Inc. a buy or a sell?
In the last year, 2 stock analysts published opinions about NYCB-N. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for New York Community Bankcor Inc..
Is New York Community Bankcor Inc. a good investment or a top pick?
New York Community Bankcor Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for New York Community Bankcor Inc..
Why is New York Community Bankcor Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is New York Community Bankcor Inc. worth watching?
2 stock analysts on Stockchase covered New York Community Bankcor Inc. In the last year. It is a trending stock that is worth watching.
What is New York Community Bankcor Inc. stock price?
On 2024-12-13, New York Community Bankcor Inc. (NYCB-N) stock closed at a price of $10.93.
new york community bancorp, inc. (nyse: nycb) is one of the 25 largest bank holding companies in the nation, with assets of over $48 billion and a market cap of over $7 billion. with 270+ branches in metro new york, new jersey, florida, arizona, and ohio, we also rank among the 25 largest depositories in the united states. our mission, to excel in all we do for all we serve, applies across the board to our customers, the communities we are a part of, our employees and shareholders. nycb operates its branches through two banks (new york community bank - member fdic and new york commercial bank - member fdic) with eight local divisions, reflecting our growth through acquisition strategy. Social media mentions are up 800% in the past 24h.