New York Community Bancorp (NYCB) Shares are Up 1.25%

New York Community Bancorp (NYCB) : Traders are bullish on New York Community Bancorp (NYCB) as it has outperformed the S&P 500 by a wide margin of 1.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.25% in the last 1 week, and is up 0.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.85% and the fifty day Moving Average is 0.48%. New York Community Bancorp Inc. has dropped 5.6% during the last three month period . Year-to-Date the stock performance stands at -7.46%.

New York Community Bancorp (NYCB) : 9 Wall Street analysts covering New York Community Bancorp (NYCB) believe that the average level the stock could reach for the short term is $15.94. The maximum price target given is $19 and the minimum target for short term is around $14, hence the standard deviation is calculated at $1.53.


New York Community Bancorp (NYSE:NYCB): stock turned positive on Friday. Though the stock opened at $14.46, the bulls momentum made the stock top out at $14.63 level for the day. The stock recorded a low of $14.44 and closed the trading day at $14.59, in the green by 1.25%. The total traded volume for the day was 5,357,098. The stock had closed at $14.41 in the previous days trading.

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.