Last Updated: 19 Sep 2024
Executive Summary
New York Community Bancorp Inc. (NYCB) is a financial holding company with a market capitalization of $4.44 billion. The company has a strong financial position with a book value of $22.47 per share and a dividend yield of 0.0033%. However, the company is currently experiencing negative earnings and revenue growth, which is reflected in its low PE ratio of -13.08 and negative return on assets and equity.
Company Overview
New York Community Bancorp Inc. is a savings and loan holding company that offers a range of banking products and services to individuals and businesses in the New York metropolitan area, New Jersey, Ohio, Florida, and Arizona. The company's primary business segments are retail banking, commercial banking, and mortgage banking.
Fundamental Analysis
Revenue: NYCB's revenue has declined by 0.722% year-over-year to $2.03 billion for the trailing twelve months. This decline is primarily due to a decrease in net interest income.
Earnings: NYCB's earnings per share (EPS) have declined by 0.1% year-over-year to -$13.08 for the trailing twelve months. This decline is primarily due to an increase in provision for loan losses.
Profitability: NYCB's profit margin is -1.554% and its operating margin is -1.27%. These margins are below industry averages, indicating that the company is not as profitable as its peers.
Return on Assets: NYCB's return on assets (ROA) is -0.0265% and its return on equity (ROE) is -0.319%. These returns are below industry averages, indicating that the company is not generating as much profit from its assets and equity as its peers.
Technical Analysis
Price: NYCB's stock price is currently trading at $11.92, which is below its 52-week high of $33.98 and above its 52-week low of $5.08.
Moving Averages: NYCB's 50-day moving average is $10.6 and its 200-day moving average is $14.69. The stock price is currently trading below both of these moving averages, indicating that it is in a downtrend.
Relative Strength Index (RSI): NYCB's RSI is currently at 39.5, which is in the neutral range. This indicates that the stock is not overbought or oversold.
Short Term Outlook
NYCB's short-term outlook is negative. The company is currently experiencing negative earnings and revenue growth, and its stock price is trading below its moving averages. This indicates that the stock is likely to continue to decline in the short term.
Long Term Outlook
NYCB's long-term outlook is uncertain. The company's financial position is strong, but it is currently facing headwinds from the rising interest rate environment. If the company can successfully navigate these headwinds, it could be well-positioned for growth in the long term.
Analyst Recommendations
Analysts have a mixed view on NYCB. One analyst has a strong buy rating, one analyst has a buy rating, and 13 analysts have a hold rating. The average analyst target price is $11.81, which is below the current stock price.
