On 3/1/24, New York Community Bancorp Inc. (NYSE: NYCB) stock suffered a major decline of -25.9%, closing at $3.55. Moreover, exceptionally high trading volume at 392% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -23.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NYCB is expected to continue to be a Value Builder.
New York Community Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Community Bancorp has a very high Appreciation Score of 98 but a very low Power Rating of 8, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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