5 Stocks Under $25 to Buy Now

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

Number of Hedge Fund Holders: 31

New York Community Bancorp, Inc. (NYSE:NYCB) ranks #2 on our list of 10 Stocks Under $25 to Buy Now given 31 hedge funds in our database were long shares of the regional bank at the end of September. New York Community Bancorp, Inc. (NYSE:NYCB) recently completed the acquisition of Flagstar Bancorp, Inc to create the 24th largest regional bank in the country. Flagstar Bancorp, Inc operates 395 branches across 9 states.

New York Community Bancorp, Inc. (NYSE:NYCB) CEO Thomas R. Cangemi said, “”We are tremendously pleased and very excited to announce the completion of our merger with Flagstar. The merger creates a company with significant scale and capabilities with a more diversified loan portfolio, an improved funding mix, and a much better interest-rate risk profile. In Flagstar we found a like-minded partner that shares the same values and commitment to our employees, customers, and communities. Our employees will benefit from greater opportunities and resources that a bank with almost $90 billion in assets possesses, customers will benefit by having access to a wider array of products and services driven by enhanced technology, and our communities will benefit, including from our $28 billion pledge agreement.”

Despite the purchase, New York Community Bancorp, Inc. (NYSE:NYCB) is down almost 26% year to date given macroeconomic headwinds. Although the stock is lower than what it was in 2012, New York Community Bancorp, Inc. (NYSE:NYCB) has a dividend yield of 7.51% at its current stock price of $9.05 per share.