New York Community Bancorp Inc. (NYCB): Today's Featured Banking 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 Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, New York Community Bancorp fell 15 cents (-1.1%) to $13.31 on average volume. Throughout the day, 4.7 million shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $13.29-$13.53 after having opened the day at $13.51 as compared to the previous trading day's close of $13.46. Other companies within the Banking industry that declined today were: Broadway Financial ( BYFC), down 14.1%, Emclaire Financial Corporation ( EMCF), down 10%, Old Second Bancorp ( OSBC), down 9.7%, and Southern First ( SFST), down 6.5%.
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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 $5.94 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 2.7% year to date as of the close of trading on Tuesday. 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 attractive valuation levels, expanding profit margins, notable return on equity, growth in earnings per share and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Newport Bancorp ( NFSB), up 9.4%, Macatawa Bank Corporation ( MCBC), up 6.6%, MBT Financial Corporation ( MBTF), up 6.1%, and OptimumBank Holdings ( OPHC), up 6%, were all gainers within the banking industry with Credicorp ( BAP) being today's featured banking industry leader.

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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