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|New York Community Bancorp Enters Oversold Territory
Wednesday, January 20, 11:39 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Ex-Dividend Reminder: New York Community Bancorp, Alexander & Baldwin and American Campus Communities
Tuesday, February 2, 10:40 AM ET, by Market News Video Staff
On 2/4/16, New York Community Bancorp Inc. (NYCB), Alexander & Baldwin Inc.. ...
Investors Grab NYCB 5.2% Cheaper Than Its Secondary Stock Offering
Tuesday, February 2, 11:18 AM ET, by Market News Video Staff
Looking back to 96 days ago, New York Community Bancorp Inc. (NYCB) priced a 40,625,000 ...
Insiders Buy the Holdings of DHS ETF
Wednesday, February 3, 9:32 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the WisdomTree High Dividend Fund (DHS) shows ...
NYCB: Insiders vs. Shorts
Thursday, February 4, 2:55 PM ET, by Market News Video Staff
The most recent short interest data was recently released by the NASDAQ for the 01/15/2016 ...
Top 10th Percentile Ranked Dividend Stock NYCB Becomes Oversold
By Dividend Channel Staff, Wednesday, November 14, 1:25 PM ET
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. New York Community Bancorp Inc. (NYSE:NYCB) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making New York Community Bancorp Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of NYCB entered into oversold territory, changing hands as low as $12.58 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of New York Community Bancorp Inc., the RSI reading has hit 28.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, NYCB's recent annualized dividend of 1.00/share (currently paid in quarterly installments) works out to an annual yield of 7.98% based upon the recent $12.54 share price.
A bullish investor could look at NYCB's 28.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on NYCB is its dividend history.
In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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