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New York Community Bancorp Inc. (NYCB): Today's Featured Financial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

New York Community Bancorp ( NYCB) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole was unchanged today. By the end of trading, New York Community Bancorp fell 16 cents (-1.2%) to $12.93 on light volume. Throughout the day, 2.6 million shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $12.90-$13.15 after having opened the day at $13.10 as compared to the previous trading day's close of $13.09. Other companies within the Financial sector that declined today were: Paulson Capital ( PLCC), down 16.5%, Village Bank and Trust Financial Corporatio ( VBFC), down 14.1%, Security National Financial Corporation ( SNFCA), down 12.3%, and Federal Agricultural Mortgage ( AGM.A), down 10.9%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and services in New York, New Jersey, Ohio, Florida, and Arizona. New York Community Bancorp has a market cap of $5.69 billion and is part of the banking industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate New York Community Bancorp a buy, two analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates New York Community Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Epoch Holding Corporation ( EPHC), up 26.4%, Porter Bancorp ( PBIB), up 17.2%, Community West ( CWBC), up 16.9%, and Jacksonville Bancorp Inc (FL ( JAXB), up 10%, were all gainers within the financial sector with Equity Residential ( EQR) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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