Large Inflow of Money Witnessed in New York Community Bancorp

New York Community Bancorp (NYCB) : Thursdays money flow data in New York Community Bancorp (NYCB) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $4.88 million, whereas, $1.78 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.73, in favor of the bulls. The total money flow into the stock was $3.09 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.1 million. The total value of block trades done on upticks was $3.1 million. New York Community Bancorp (NYCB) fell $0.01 and traded at $14.66, down -0.07% for the day, over previous days close. On a weekly basis, the shares are -1.81% over the previous weeks close.


New York Community Bancorp (NYCB) : Currently there are 10 street experts covering New York Community Bancorp (NYCB) stock. The most bullish and bearish price target for the stock is $19 and $15 respectively for the short term. The average price target of all the analysts comes to $16.7. The estimated standard deviation from the target is $1.49. The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 2.57%.

New York Community Bancorp (NYSE:NYCB): The stock was completely flat for the day, closing at $14.67 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $14.67, the stock touched an intraday high of $14.83 and a low of $14.62. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $14.67. The total trading volume on Thursday was 5,508,860.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.