Bloomberg Research Gives ‘Moderate Buy’ Rating to New York Community Bancorp,
June 17, 2023
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New York Community ($NYSE:NYCB) Bancorp, Inc. has recently been given a “Moderate Buy” rating by Bloomberg Research. It is one of the largest banking and financial services providers in the United States and operates through its subsidiaries such as New York Community Bank. NYCB offers a range of deposits and lending products and services, including consumer, commercial, mortgage, and private banking services to individuals and businesses. Bloomberg Research’s rating of New York Community Bancorp, Inc. as a “Moderate Buy” is based on their analysis of the company’s financials and overall market position.
They also have a relatively low cost of capital which gives them an advantage over their competitors. With their strong liquidity, low cost of capital, and attractive dividend yield, NYCB is well positioned to continue to thrive in the current market environment. For investors looking for a steady income stock, NYCB may be a good option to consider.
Market Price
On Wednesday, NYCB opened at $11.0 and closed at $11.1, a 1.7% increase from the prior closing price of 10.9. The moderate buy rating indicates that NYCB is a good investment, with a potential for further growth in the future. However, the rating also shows caution, as there could be some risks associated with investing in NYCB. Investors should assess their own financial situation before investing in NYCB stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NYCB. More…
| Total Revenues | Net Income | Net Margin |
| – | 2.46k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYCB. More…
| Operations | Investing | Financing |
| 1.03k | -6.32k | 5.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NYCB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 123.75k | 112.97k | – |
Key Ratios Snapshot
Some of the financial key ratios for NYCB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted a thorough examination of the fundamentals of NEW YORK COMMUNITY BANCORP and found that it has a high health score of 8/10, considering its cashflows and debt. We used our Star Chart to determine that NEW YORK COMMUNITY BANCORP is strong in growth, asset, dividend, and medium in profitability. After conducting this analysis, we concluded that NEW YORK COMMUNITY BANCORP is classified as a ‘cheetah’, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth and are willing to accept higher risks may be interested in investing in NEW YORK COMMUNITY BANCORP. However, potential investors should also be aware of the risks associated with investing in a company with lower profitability. More…
Peers
New York Community Bancorp Inc, a bank holding company, operates as the bank for consumers and businesses. The company offers checking and savings accounts, mortgages, and other personal and business banking products and services. Elmer Bancorp Inc, Fellow Bank PLC, and Delhi Bank Corp are its competitors.
– Elmer Bancorp Inc ($OTCPK:ELMA)
Elmer Bancorp Inc is a bank holding company that operates through its subsidiary, Elmer Bank & Trust Company. It offers a range of banking services to individual and corporate customers in the United States. The company has a market cap of $15.05 million as of 2022.
– Fellow Bank PLC ($LTS:0RD4)
Fellow Bank PLC is a publicly traded company with a market capitalization of £35.51 million as of 2022. The company is a provider of banking and financial services to individuals and businesses in the United Kingdom. Fellow Bank offers a range of products and services including savings accounts, personal loans, and credit cards. The company is headquartered in London, England.
Summary
New York Community Bancorp, Inc. is currently rated as a “Moderate Buy” according to Bloomberg Research. This means that the stock may be a good investment opportunity based on current market conditions. Analysis of the company includes an evaluation of financial performance, risk profile, and management and strategy. Financial performance includes an examination of past trends and projections for future growth.
Risk profile looks at the volatility of the stock, creditworthiness, liquidity, and other factors. Management and strategy examines the quality of the board, executive team, and long-term planning.
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