New York Community Reaches New 52-Week High (NYCB)

NEW YORK ( TheStreet) -- New York Community Bancorp (NYSE: NYCB) hit a new 52-week high Monday as it is currently trading at $15.40, above its previous 52-week high of $15.05 with 757,572 shares traded as of 10:51 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

New York Community has a market cap of $6.92 billion and is part of the financial sector and banking industry. Shares are up 20.5% year to date as of the close of trading on Friday.

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.

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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 attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full New York Community Ratings Report.

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