New York Community Bancorp Inc. (NYB): Today's Featured Financial Winner

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 ( NYB) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day down 0.1%. By the end of trading, New York Community Bancorp rose 44 cents (3.2%) to $14.12 on heavy volume. Throughout the day, 4.8 million shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $13.62-$14.12 after having opened the day at $13.66 as compared to the previous trading day's close of $13.68. Other companies within the Financial sector that increased today were: Ohio Legacy Corporation ( OLCB), up 16.6%, Carrollton Bancorp ( CRRB), up 9.4%, Bbva Banco FrancesS.A ( BFR), up 8.7%, and Grupo Financiero Galicia ( GGAL), up 8%.
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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 $6.02 billion and is part of the banking industry. The company has a P/E ratio of 12.5, above the average banking industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are six analysts that rate New York Community Bancorp a buy, two analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates New York Community Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Bank VA Chesterfield ( BOVA), down 16.7%, HMN Financial ( HMNF), down 12.5%, Southern Connecticut Bancorp ( SSE), down 12.2%, and Life Partners Holdings ( LPHI), down 10.7%, were all laggards within the financial sector with Charles Schwab ( SCHW) being today's financial sector laggard.

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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