New York Community Bancorp Inc. (NYCB): Today's Featured Financial Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

New York Community Bancorp ( NYCB) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.4%. By the end of trading, New York Community Bancorp fell $0.19 (-1.1%) to $17.00 on heavy volume. Throughout the day, 3,253,776 shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 2,034,700 shares. The stock ranged in price between $16.93-$17.39 after having opened the day at $17.20 as compared to the previous trading day's close of $17.19. Other companies within the Financial sector that declined today were: Gaming and Leisure Properties ( GLPI), down 17.1%, American Spectrum Realty ( AQQ), down 10.6%, Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 10.3% and InnSuites Hospitality ( IHT), down 9.7%.

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 $7.5 billion and is part of the banking industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate New York Community Bancorp a buy, 2 analysts rate it a sell, and 9 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, good cash flow from operations, 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.

On the positive front, SWS Group ( SWS), up 20.3%, Life Partners Holdings ( LPHI), up 14.2%, SPDR Russell 1000 ETF ( ONEK), up 13.1% and Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 10.1% , were all gainers within the financial sector with General Growth Properties ( GGP) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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