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 $3.29, down 0.6% from the previous day, and has decreased 68% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.9 percentage points. New York Community Bancorp stock is currently +93.53% from its 52-week low of $1.70, and -76.86% from its 52-week high of $14.22.
There are currently 820.72M NYCB shares outstanding. The market capitalization of NYCB is $2.70B. In the last 24 hours, 12M NYCB shares were traded.
How to Buy New York Community Bancorp Stock
Wondering how to invest in New York Community Bancorp stock? Here's how.
- Decide where to buy New York Community Bancorp stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide 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 identified.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- 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 analysis website can help you evaluate 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 purchase NYCB shares at a given price.
- Keep tabs on your NYCB investment: Create a watchlist to important updates regarding your investment in New York Community Bancorp shares.
Step 1: Decide where to buy New York Community Bancorp stock
You will need an online brokerage account to access the NYSE market and buy NYCB stock.
Our recommended brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, the next step is 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.
- Input your personal info to open a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on investing apps, you need to deposit funds:
Watch the tutorial below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze New York Community Bancorp stock
After you have selected the best place to buy New York Community Bancorp stock, it's crucial to analyze their stock prior to buying, so you can comprehend the risk and upside.
New York Community Bancorp Numbers
NYCB Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on NYCB's stock page.
Is NYCB stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge NYCB's intrinsic value.
Using relative valuations methods:
- NYCB could be undervalued based on its P/B ratio of 0.32x, relative to Banks - Regional industry P/B ratio of 1.03x
You can access more valuation analysis on NYCB's stock here.
NYCB Financial Health
Negative Health Checks:
- NYCB has a relatively high debt to equity ratio of 12.39.
- Total NYCB debt is higher than 5 years ago, relative to shareholder equity.
- NYCB profit margin has gone down from 67.7% to -88.4% in the past year.
Is it a good time to buy New York Community Bancorp stock, according to Wall Street analysts?
Out of 13 Equities analysts who track NYCB, the consensus analyst rating on New York Community Bancorp is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest NYCB Analyst Upgrades/Downgrades
Peter Winter, a top 31% analyst from DA Davidson maintains NYCB with a hold rating and maintains their NYCB price target from $4.00 to $4.00, on Mar 8, 2024.
Ebrahim Poonawala, a top 18% 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 7% 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.
You can dive deeper into what analysts are forecasting on the New York Community Bancorp stock forecast page.
NYCB Technicals
NYCB Earnings
Last year, NYCB revenue was $2.77B. Over the past five year, NYCB's revenue has grown by 20.51% per year. This was faster than the Banks - Regional industry average of 11.02%.
Dive into NYCB's earnings and revenue performance here.
Latest Insiders Trades at NYCB
In the past 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.
Dig into more about who owns NYCB shares here.
Does NYCB stock generate passive income?
New York Community Bancorp pays a dividend of 11.85%, compared to the Banks - Regional industry's average dividend yield of 3.62%. If you owned $1,000 worth of NYCB stock, you would have been paid $118.54 last 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 reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your NYCB purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, place a limit order.
Hit the Open button and eToro will place your order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your NYCB investment
Now that you own some NYCB stock, you'll want to keep up with your new investment.
Make a watchlist to see the latest developments about your NYCB stock.
NYCB Feed
How to Buy Stock in New York Community Bancorp
To reiterate, here are the 6 steps for buying New York Community Bancorp stock:
- 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 place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in New York Community Bancorp, create your watchlist below.
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