Home Sectors Financial Services Latest Technicals: New York Community Bancorp (NYSE: NYCB)

Latest Technicals: New York Community Bancorp (NYSE: NYCB)

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New York Community Bancorp trades as part of the banking industry and trades as part of the financial services sector. The company CEO is Joseph R. Ficalora. New York Community Bancorp Inc has over $45 billion of total assets and operations spread across various locations across five states. It operates most of its business operations from the New York metropolitan area.

Previous Intraday Trading Performance:

The NYCB stock showed a previous change of 0.31% with an open at 9.88 and a close of 9.88. It reached an intraday high of 9.93 and a low of 9.72.

SeekingAlpha:  Bank stocks gain as Treasuries, homebuilders sink

Liquidity:

The stock has a market cap of $4.8b with 490.4m shares outstanding, of which the float is 477.7m shares. Trading volume reached 3,396,124 shares compared to its average volume of 4,417,922 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, New York Community Bancorp shares returned -5.99% and in the past 30 trading days it returned -9.27%. Over three months, it changed -12.63%. In one year it has changed -18.33% and within that year its 52-week high was 14.53 and its 52-week low was 9.65. NYCB stock is 2.44% above its 52 Week Low.

Our calculations show a 200 day moving average of 11.85 and a 50 day moving average of 10.66. Currently NYCB stock is trading -16.65% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Bank stocks gain as Treasuries, homebuilders sink

Earnings:

The last annual fiscal EPS for the company was reported at 0.9 that ended on 31st of December 2017, which according to the previous close, that is a PE of 10.98. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.20. The TTM EPS is 0.78, which comes to a TTM PE of 12.67.

The following are the last four quarter reported earnings per share:
06-30-2018:  0.20
03-31-2018:  0.20
12-31-2017:  0.17
09-30-2017:  0.21

The dividend per share is currently 0.68, which is a dividend yield of 6.88%. NYCB stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 6.86, which means it may be overvalued by -44.05%

Indicators to Watch:

Based on the latest filings, there is 68.30% of institutional ownership. Short-interest is 62,475,125, which is 12.74% of shares outstanding. The short-interest ratio or days-to-cover ratio is 14.64. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.62

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 6.69%, return on assets is 0.85%, profit margin is 27.36%, price-to-sales is 3.76 and price-to-book is 0.77.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.