Dime Community Bancshares, Inc. $DCOM is Elizabeth Park Capital Advisors Ltd.'s 10th Largest Position

Key Points

• Elizabeth Park Capital Advisors Ltd. increased its holdings in Dime Community Bancshares by 24.6% during the first quarter, making the bank its 10th largest position with 116,879 shares valued at approximately $3.26 million.
• Institutional investors collectively own 75.27% of Dime Community Bancshares, with multiple firms, including Deutsche Bank AG and SG Americas Securities LLC, significantly increasing their stakes.
• Dime Community Bancshares reported an EPS of $0.64 for the last quarter, beating analysts' expectations, with a revenue of $109.54 million, and announced a dividend yield of 496.0%.

Elizabeth Park Capital Advisors Ltd. lifted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,879 shares of the savings and loans company's stock after acquiring an additional 23,065 shares during the quarter. Dime Community Bancshares makes up 2.9% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 10th biggest position. Elizabeth Park Capital Advisors Ltd. owned 0.27% of Dime Community Bancshares worth $3,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after acquiring an additional 483 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Dime Community Bancshares by 14.5% during the first quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company's stock valued at $624,000 after acquiring an additional 2,840 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Dime Community Bancshares by 19.5% during the fourth quarter. Northern Trust Corp now owns 428,321 shares of the savings and loans company's stock valued at $13,164,000 after acquiring an additional 69,856 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Dime Community Bancshares by 44.5% during the fourth quarter. Deutsche Bank AG now owns 32,463 shares of the savings and loans company's stock valued at $998,000 after acquiring an additional 9,999 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Dime Community Bancshares by 314.4% during the first quarter. SG Americas Securities LLC now owns 16,023 shares of the savings and loans company's stock valued at $447,000 after acquiring an additional 12,156 shares in the last quarter. Institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Price Performance

Shares of Dime Community Bancshares stock opened at $30.68 on Wednesday. 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 company has a market cap of $1.35 billion, a PE ratio of 36.52 and a beta of 1.16. The business has a 50 day moving average of $28.18 and a 200 day moving average of $27.64. Dime Community Bancshares, Inc. has a 52 week low of $23.25 and a 52 week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $109.54 million during the quarter, compared to the consensus estimate of $107.08 million. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

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

About Dime Community Bancshares

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.

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