American Century Companies Inc. Sells 73,393 Shares of Dime Community Bancshares, Inc. $DCOM

Key Points

• American Century Companies Inc. has reduced its stake in Dime Community Bancshares, Inc. by 9.7%, now holding approximately 685,848 shares worth around $19.1 million.
• The company's recent earnings report revealed an EPS of $0.64, exceeding analysts' expectations, and revenue of $109.54 million.
• Dime Community Bancshares recently disclosed a dividend payout of $0.3438 per share, yielding 496.0%, although the company's payout ratio is notably high at 119.05%.

American Century Companies Inc. cut its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 685,848 shares of the savings and loans company's stock after selling 73,393 shares during the quarter. American Century Companies Inc. owned about 1.57% of Dime Community Bancshares worth $19,121,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of Dime Community Bancshares by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock worth $28,000 after buying an additional 500 shares during the period. Hughes Financial Services LLC acquired a new stake in Dime Community Bancshares in the first quarter worth $37,000. GAMMA Investing LLC grew its holdings in Dime Community Bancshares by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock worth $110,000 after purchasing an additional 483 shares during the period. CWM LLC grew its holdings in Dime Community Bancshares by 250.1% in the first quarter. CWM LLC now owns 6,035 shares of the savings and loans company's stock worth $168,000 after purchasing an additional 4,311 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Dime Community Bancshares in the fourth quarter worth $219,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Up 0.6%

NASDAQ:DCOM traded up $0.19 during trading hours on Thursday, reaching $30.79. The company had a trading volume of 63,458 shares, compared to its average volume of 275,639. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 36.65 and a beta of 1.16. The business's 50-day simple moving average is $28.27 and its two-hundred day simple moving average is $27.66. Dime Community Bancshares, Inc. has a twelve month low of $23.25 and a twelve month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $109.54 million during the quarter, compared to analysts' expectations of $107.08 million. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. During the same period last year, the company posted $0.37 earnings per share. On average, equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were issued a $0.3438 dividend. This represents a yield of 496.0%. The ex-dividend date was Friday, August 8th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 119.05%.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.