Russell Investments Group Ltd. Has $3.42 Million Holdings in Dime Community Bancshares, Inc. $DCOM

Key Points

• Russell Investments Group Ltd. reduced its stake in Dime Community Bancshares by 58.1% in the first quarter, holding approximately 122,532 shares worth around $3.4 million.
• The company's quarterly earnings report showed earnings per share of $0.64, surpassing analysts' expectations, with revenue of $109.54 million.
• Dime Community Bancshares announced a recent dividend payment of $0.3438 per share, with a yield of 496.0% and a dividend payout ratio of 119.05%.

Russell Investments Group Ltd. trimmed its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 58.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 122,532 shares of the savings and loans company's stock after selling 169,624 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Dime Community Bancshares worth $3,416,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in shares of Dime Community Bancshares by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after purchasing an additional 500 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Dime Community Bancshares in the 1st quarter valued at $37,000. GAMMA Investing LLC lifted its stake in shares of Dime Community Bancshares by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after purchasing an additional 483 shares during the period. CWM LLC lifted its stake in shares of Dime Community Bancshares by 250.1% in the 1st quarter. CWM LLC now owns 6,035 shares of the savings and loans company's stock valued at $168,000 after purchasing an additional 4,311 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of Dime Community Bancshares in the 4th quarter valued at $219,000. Institutional investors and hedge funds own 75.27% of the company's stock.

Dime Community Bancshares Trading Up 0.6%

Shares of DCOM stock 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 50 day moving average of $28.27 and a 200 day moving average of $27.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 36.65 and a beta of 1.16. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The company had revenue of $109.54 million for 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 business posted $0.37 EPS. On average, equities research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were paid a dividend of $0.3438 per share. This represents a yield of 496.0%. The ex-dividend date of this dividend was Friday, August 8th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 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.