New York Community Bancorp Inc. (NYCB): Today's Featured Banking 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 ( NYCB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.5%. By the end of trading, New York Community Bancorp rose 16 cents (1.2%) to $13.40 on average volume. Throughout the day, 2.5 million shares of New York Community Bancorp exchanged hands as compared to its average daily volume of three million shares. The stock ranged in a price between $13.26-$13.43 after having opened the day at $13.31 as compared to the previous trading day's close of $13.24. Other companies within the Banking industry that increased today were: Royal Bancshares of Pennsylvania ( RBPAA), up 16.2%, Atlantic Coast Financial ( ACFC), up 9%, Village Bank and Trust Financial Corporatio ( VBFC), up 6.8%, and National Bankshares ( NKSH), up 5.6%.
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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 $5.95 billion and is part of the financial sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are three analysts that rate New York Community Bancorp a buy, two analysts rate it a sell, and 12 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 increase in stock price during the past year, attractive valuation levels, expanding profit margins, notable return on equity and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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