Shares of New York Community Bancorp, Inc. (NYSE:NYCB) recorded -1.34% loss during trading session on February 11th, 2019. The script traded as low as $11.74 and last traded at $11.82. 5.27 million shares changed exchanged hands during trading, an increase of 35.44% from the 30-day average session volume of 8.16M shares. The firm had previously closed at $11.98. The company has $473.93M outstanding shares, a price-to-earnings ratio of 15.29, price-to-earnings-growth ratio of 3.47and a beta of 0.93. The company has a RSI of 73.01, ATR of 0.26 and a volatility of 1.83% this week. NYCB has a 52 week low price of $8.61 and a 52 week high price of $14.53.
Investors have identified the tech company New York Community Bancorp, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 5.60B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
New York Community Bancorp, Inc. (NYCB) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NYCB, the company has in raw cash 4.8 billion on their books with 4.9 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.25 billion total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
NYCB were able to record 211.6 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 796.42 million. In cash movements, the company had a total of 219.85 million as operating cash flow.
Potential earnings growth for New York Community Bancorp, Inc. (NYCB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, New York Community Bancorp, Inc. recorded a total of 425.14 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.07% coming in sequential stages and their sales for the third quarter increasing by 0.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 175.64 million trying to sell their products during the last quarter, with the result yielding a gross income of 249.51 million. This allows shareholders to hold on to 473.93M with the revenue now reading 200 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.20 cents a share).
Is the stock of NYCB attractive?
Having a look at the company’s valuation, the company is expected to record 0.86 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NYCB sounds very interesting.
3 out of 15 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on New York Community Bancorp, Inc. stock. 0 analysts has assigned a Sell rating on the NYCB stock. The 12-month mean consensus price target for the company’s shares has been set at $11.05.