New York Community (NYCB) is Upgraded by Sterne Agee CRT to Buy

New York Community (NYCB) is Upgraded by Sterne Agee CRT to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

New York Community Bancorp Inc. has dropped 8.28% during the last 3-month period . Year-to-Date the stock performance stands at 8.2%.

New York Community Bancorp, Inc. (NYSE:NYCB) has lost 1.45% during the past week and dropped 3.2% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.63%. New York Community Bancorp, Inc. (NYSE:NYCB) has underperformed the index by 0.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of New York Community Bancorp, Inc. (NYSE:NYCB) ended Thursday session in red amid volatile trading. The shares closed down 0.15 points or 0.91% at $16.32 with 3,002,347 shares getting traded. Post opening the session at $16.41, the shares hit an intraday low of $16.26 and an intraday high of $16.565 and the price vacillated in this range throughout the day. The company has a market cap of $7,914 million and the number of outstanding shares have been calculated to be 484,943,310 shares. The 52-week high of New York Community Bancorp, Inc. (NYSE:NYCB) is $19.18 and the 52-week low is $14.26.

Currently the company Insiders own 3.54% of New York Community Bancorp, Inc. shares according to the proxy statements. Institutional Investors own 51.7% of New York Community Bancorp, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Community Bancorp Inc, Rosano Lawrence Jr., had purchased 1,500 shares in a transaction dated on December 7, 2015. The transaction was executed at $16.58 per share with total amount equaling $24,870.

New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents. It has two bank subsidiaries: New York Community Bank (the Community Bank), New York Commercial Bank (the Commercial Bank. The Community Bank has 241 branches and operates through seven divisional banks. The Commercial Bank has 35 branches in Manhattan and operates 18 of its branches under the divisional name Atlantic Bank. During the year ended December 31, 2012, all of the one-to-four family loans the Company originated was sold to government-sponsored enterprises (GSEs). Customers of the Community Bank and the Commercial Bank have access to their accounts through 263 of its 287 automatic teller machines (ATMs) locations in five states. The Company also serves its customers through three Websites, which include www.myNYCB.com, www.NewYorkCommercialBank.com and www.NYCBfamily.com.