How to Buy New York Community Bancorp Stock
New York Community Bancorp Inc
New York Community Bancorp is a bank company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker NYCB on the NYSE exchange.
New York Community Bancorp stock last closed at $2.65, down 5.02% from the previous day, and has decreased 75.26% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.91 percentage points. New York Community Bancorp stock is currently +55.88% from its 52-week low of $1.70, and -81.36% from its 52-week high of $14.22.
As of Apr 30, 2024, there are 797.92M NYCB shares outstanding. The market cap of NYCB is $2.11B. In the last 24 hours, 23.78M NYCB shares were traded.
How to Buy New York Community Bancorp Stock
Not sure how to invest in New York Community Bancorp stock? Here's how.
- Decide where to buy New York Community Bancorp stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy New York Community Bancorp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your details.
- Analyze New York Community Bancorp stock: The New York Community Bancorp ticker symbol is NYCB. Is New York Community Bancorp stock a good investment? Should you buy shares of NYCB? How do NYCB's underlying business fundamentals look? Do top analysts think New York Community Bancorp is a good buy? Why has NYCB's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if NYCB is a good stock to buy).
- Place your NYCB purchase: Decide if you will purchase NYCB shares at the current market price or use a limit order to buy NYCB stock at a particular price.
- Keep tabs on your NYCB investment: Create a watchlist to get live updates on your position in New York Community Bancorp shares.
Step 1: Decide where to buy New York Community Bancorp stock
You will need a brokerage account to access the NYSE market and buy NYCB stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in NYCB stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock app to use, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Analyze New York Community Bancorp stock
After you have chosen the best place to buy New York Community Bancorp stock, it's crucial to evaluate their stock prior to investing, so you actually understand the risk and opportunity.
New York Community Bancorp Numbers
NYCB Fundamentals
WallStreetZen was built to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on NYCB's stock page.
Is NYCB stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NYCB's fair value.
Using relative valuations metrics:
- NYCB could be undervalued based on its P/B ratio of 0.25x, relative to Banks - Regional industry P/B ratio of 0.97x
You can do additional valuation research on NYCB's stock here.
NYCB Financial Health
Negative Health Checks:
- NYCB's operating cash flow of $263.00M allows it to safely service it's debt of $21.27B.
- Total NYCB debt is higher than 5 years ago, relative to shareholder equity.
- NYCB earnings of -$50.00M is not enough to cover its interest payments.
- NYCB profit margin has gone down from 40.9% to -2.3% in the past year.
- NYCB has a relatively high debt to equity ratio of 12.63.
Is NYCB stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Wall Street analysts who give ratings on NYCB, the consensus analyst rating on NYCB is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest NYCB Analyst Forecasts
Ebrahim Poonawala, a top 19% analyst from Bank of America maintains NYCB with a hold rating and lowers their NYCB price target from $5.00 to $4.25, on Mar 8, 2024.
Bank of America's Ebrahim Poonawala lowered their price target on New York Community Bancorp (NYSE: NYCB) by 15% from $5 to $4.25 on 2024/03/08. The analyst maintained their Hold rating on the stock.
Poonawala reported that the capital injection and "the credibility of its investor base buys New York Community Bancorp time."
The analyst said they lowered their estimates to account for the latest capital measures and anticipate "heavy lifting ahead" for NYCB.
Jared Shaw, a bottom 4% analyst from Barclays initiates coverage on NYCB with a hold rating and announces their NYCB price target of $5.00, on Mar 8, 2024.
Keith Horowitz, a top 6% analyst from Citigroup maintains NYCB with a hold rating and lowers their NYCB price target from $5.00 to $3.50, on Mar 7, 2024.
Manan Gosalia, a top 4% analyst from Morgan Stanley maintains NYCB with a hold rating and lowers their NYCB price target from $6.00 to $4.00, on Mar 7, 2024.
Mark Fitzgibbon, a top 14% analyst from Piper Sandler downgrades NYCB to a hold rating and lowers their NYCB price target from $8.00 to $5.00, on Mar 1, 2024.
You can dig deeper into what analysts are forecasting on the New York Community Bancorp stock forecast page.
NYCB Technicals
NYCB Growth Numbers
Last year, NYCB revenue was $4.93B. In the past five year, NYCB's revenue has gone up by 34.89% per year. This was faster than the Banks - Regional industry average of 7.63%.
Find out more about NYCB's earnings and revenue performance here.
Who is buying/selling NYCB?
In the last year, insiders at NYCB have bought more shares than they have sold.
Marshall Lux, Director of NYCB, was the latest NYCB insider to buy. They bought $99,890.60 worth of NYCB shares on Mar 21, 2024.
Research more about who owns NYCB stock here.
Can I rely on NYCB as an income stream?
New York Community Bancorp pays a dividend of 21.13%, compared to the Banks - Regional industry's average dividend yield of 3.92%. If you owned $1,000 worth of NYCB stock, you would have received $211.32 in the past year.
New York Community Bancorp dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about New York Community Bancorp dividend yield and history here.
NYCB Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your NYCB purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.
Press the Open Trade button and your broker will place the order.
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Step 6: Keep tabs on your NYCB investment
Now that you own some NYCB shares, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to get notified of the latest news about your NYCB stock.
NYCB Feed
How to Buy Stock in New York Community Bancorp
To summarize, here are the 6 steps to buy stock in New York Community Bancorp:
- Decide where to buy New York Community Bancorp stock
- Create a brokerage account
- Deposit funds into your investment account
- Analyze New York Community Bancorp stock
- Place your NYCB purchase
- Keep tabs on your NYCB investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in New York Community Bancorp, click the button below.
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