Shares of New York Community Bancorp (NYCB) Sees Large Outflow of Money

New York Community Bancorp (NYCB) : Thursdays money flow analysis of New York Community Bancorp (NYCB) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $14.54 million. In comparison, the inflow of money on upticks was a meager $9.85 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.69 million. The uptick to downtick ratio of 0.68 in the money flow shows weakness. The uptick block trades were valued at $3.63 million. The downtick transaction value was high at $7.29 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.5. Hence, the net money flow in the stock was negative ($3.66 million). New York Community Bancorp (NYCB) gained $0.01 at $14.68, a change of 0.03% over the previous days 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.

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