5 Best Financial Stocks that Pay Dividends

4. New York Community Bancorp, Inc. (NYSE: NYCB)

Number of Hedge Fund Holders: 25
Dividend Yield: 6.18%

New York Community Bancorp, Inc. (NYSE: NYCB), headquartered in New York City, is a commercial bank with about 225 branches. It operates across the US as one of the largest banks in the country and ranks 4th on our list of the best financial stocks that pay dividends.

Meng Jiao, an analyst at Deutsche Bank, raised the price target on New York Community Bancorp, Inc. (NYSE: NYCB) shares this May from $11.50 to $15. Jiao also keeps a Hold rating on the company.

In the first quarter of 2021, New York Community Bancorp, Inc. (NYSE: NYCB) had an EPS of $0.29, beating estimates by $0.02. The company’s revenue was $332.55 million, up 27.23% year over year and beating estimates by $8.33 million. New York Community Bancorp, Inc. (NYSE: NYCB) has also gained 2.71% in the past 6 months and 4.76% year to date.

By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in New York Community Bancorp, Inc. (NYSE: NYCB) worth roughly $329 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $244 million.