Charles Schwab Investment Management Inc. Increases Holdings in Dime Community Bancshares, Inc. $DCOM

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Dime Community Bancshares by 12.7%, acquiring an additional 44,696 shares, bringing its total holdings to approximately 395,529 shares valued at $11,027,000.
• Dime Community Bancshares recently announced a dividend of $0.3438 per share, which translates to a yield of 496.0%, although it has a high dividend payout ratio of 119.05%.
• The company reported a net margin of 6.74% and earnings per share (EPS) of $0.64 for the latest quarter, surpassing analysts' expectations and indicating year-over-year growth from $0.37 EPS a year before.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,529 shares of the savings and loans company's stock after acquiring an additional 44,696 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of Dime Community Bancshares worth $11,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DCOM. Vanguard Group Inc. lifted its position in shares of Dime Community Bancshares by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company's stock worth $76,793,000 after purchasing an additional 14,802 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dime Community Bancshares by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company's stock worth $70,671,000 after purchasing an additional 71,273 shares during the period. Basswood Capital Management L.L.C. grew its stake in shares of Dime Community Bancshares by 1.5% during the 4th quarter. Basswood Capital Management L.L.C. now owns 2,064,565 shares of the savings and loans company's stock worth $63,454,000 after acquiring an additional 30,202 shares during the period. Wellington Management Group LLP bought a new position in shares of Dime Community Bancshares during the 4th quarter worth $39,073,000. Finally, Systematic Financial Management LP lifted its holdings in Dime Community Bancshares by 2.7% during the 4th quarter. Systematic Financial Management LP now owns 1,119,762 shares of the savings and loans company's stock worth $34,416,000 after purchasing an additional 28,928 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares Price Performance

DCOM traded up $0.01 during trading on Friday, reaching $30.76. 113,092 shares of the company were exchanged, compared to its average volume of 194,104. The company's 50-day moving average is $28.46 and its two-hundred day moving average is $27.63. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 36.62 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Dime Community Bancshares, Inc. has a 12-month low of $23.25 and a 12-month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The firm had revenue of $109.54 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.37 EPS. Research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

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

Dime Community Bancshares 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.