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Sunday, January 24, 2021

New York Community Bancorp Inc. (NYSE:NYCB) Recent Earnings Shows Major Concern

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New York Community Bancorp Inc. (NYCB) shares are trading at lower $9.58 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $11.05.

To add more color to this target, the company’s high over the last year is $12.10 and the low is $7.72. Over the last 52 weeks, NYCB is down -19.56% while the S&P 500 is up 15.29%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NYCB reported a profit of $281.89 million. New York Community Bancorp Inc. also saw revenues increase to $418.05 million. In addition, NYCB has free cash flow of $244.48 million as of 09-2020.

NYCB booked profit margins of 22.10%, its Return on Equity (ROE) is 6.20%, and its Return on Assets is 0.70%. All told, it is clear that, NYCB needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NYCB has a short ratio of 4.78 and outstanding shares of 461.78M.

Company Outlook

NYCB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.83. Investors should also keep an eye on sector updates as NYCB has historically followed its peers on positive news.

All told, New York Community Bancorp Inc. NYCB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NYCB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

New York Community Bancorp Inc. NYCB is now commanding a market cap of 4.48B and a float of 448.07M. NYCB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NYCB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NYCB, either long or short, and we have not been compensated for this article.

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