New York Community Bancorp (NYCB) : During the past 4 weeks, traders have been relatively bearish on New York Community Bancorp (NYCB), hence the stock is down -3.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.08% relative to the S&P 500. The stock has risen by 0.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.56% in the past 4 weeks.
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 $14.45 and $14.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.50, notching a gain of 0.97% for the day. The total traded volume was 3,239,077 . The stock had closed at $14.36 on the previous day.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 2.02%. New York Community Bancorp Inc. is up 0.63% in the last 3-month period. Year-to-Date the stock performance stands at -8.03%.
New York Community Bancorp (NYCB) : 11 investment research analysts covering New York Community Bancorp (NYCB) have an average price target of $16.05 for the near short term. The highest target price given by the Brokerage Firm to the stock is $19 and the lowest target is $15 for the short term. Analysts expect the variance to be within $1.39 of the average price.
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.