New York Community Bancorp (NYSE:NYB) hit a new 52-week high Wednesday as it is currently trading at $14.42, above its previous 52-week high of $14.41 with 734,707 shares traded as of 10:56 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.
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 ( TheStreet) -- New York Community Bancorp (NYSE: NYB) hit a new 52-week high Wednesday as it is currently trading at $14.42, above its previous 52-week high of $14.41 with 734,707 shares traded as of 10:56 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. New York Community has a market cap of $6.19 billion and is part of the financial sector and banking industry. Shares are up 16.1% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 12.8, above the average banking industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates New York Community 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. You can view the full New York Community Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.