Shares of New York Community Bancorp (NYCB) Rally 1.9%

New York Community Bancorp (NYCB) has been under a strong bear grip, hence the stock is down -3.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.4% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.9% in the last 1 week, and is up 0.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 0.25%.

New York Community Bancorp (NYSE:NYCB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.05 and $14.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.01, notching a gain of 0.40% for the day. The total traded volume was 2,836,279 . The stock had closed at $14.95 on the previous day.


The company Insiders own 2.97% of New York Community Bancorp shares according to the proxy statements. Institutional Investors own 58.17% of New York Community Bancorp shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Community Bancorp Inc, Ciampa Dominick, had purchased 10,000 shares in a transaction dated on May 4, 2016. The transaction was executed at $14.48 per share with total amount equaling $144,800.

New York Community Bancorp, Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans, it originates commercial real estate loans (primarily in New York City, as well as Long Island and New Jersey) and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan, Queens, Brooklyn, Westchester County, and Long Island, including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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