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 $0.23 (-1.7%) to $13.32 on heavy volume. Throughout the day, 5,941,143 shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 3,219,100 shares. The stock ranged in price between $13.16-$13.53 after having opened the day at $13.53 as compared to the previous trading day's close of $13.55. Other companies within the Banking industry that declined today were: Pathfinder Bancorp ( PBHC), down 17.5%, PSB Holdings ( PSBH), down 8.5%, First United ( FUNC), down 7.5% and Flagstar Bancorp ( FBC), down 6.4%.
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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 financial services in New York, New Jersey, Florida, Ohio, and Arizona. New York Community Bancorp has a market cap of $5.9 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 Tuesday.

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 net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Broadway Financial ( BYFC), down 11.2%, Credit Suisse ( UWTI), down 9.8%, WVS Financial ( WVFC), down 8.6% and Credit Suisse ( UOIL), down 6.9% , were all gainers within the banking industry with Citigroup ( C) 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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