Vanguard Group Inc. Has $76.79 Million Stock Position in Dime Community Bancshares, Inc. $DCOM

Key Points

• Vanguard Group Inc. increased its position in Dime Community Bancshares by 0.5%, owning approximately 2.75 million shares valued at $76.79 million.
• Dime Community Bancshares reported a quarterly EPS of $0.64, surpassing analysts' expectations of $0.63, and announced a dividend payout of $0.3438 per share.
• The stock has a market capitalization of $1.32 billion, with a 52-week trading range from $23.25 to $37.60.

Vanguard Group Inc. lifted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,754,416 shares of the savings and loans company's stock after purchasing an additional 14,802 shares during the period. Vanguard Group Inc. owned approximately 6.31% of Dime Community Bancshares worth $76,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of Dime Community Bancshares during the fourth quarter valued at $39,073,000. T. Rowe Price Investment Management Inc. grew its stake in Dime Community Bancshares by 13.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company's stock valued at $61,999,000 after purchasing an additional 233,417 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Dime Community Bancshares by 37.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 661,608 shares of the savings and loans company's stock valued at $20,335,000 after purchasing an additional 180,664 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Dime Community Bancshares in the fourth quarter valued at about $4,850,000. Finally, GAMMA Investing LLC grew its stake in Dime Community Bancshares by 3,078.5% in the first quarter. GAMMA Investing LLC now owns 109,596 shares of the savings and loans company's stock valued at $3,056,000 after purchasing an additional 106,148 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Up 0.4%

NASDAQ DCOM traded up $0.14 on Friday, reaching $30.89. The stock had a trading volume of 5,727 shares, compared to its average volume of 274,711. The business has a 50 day moving average price of $28.37 and a 200 day moving average price of $27.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $37.60. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 36.77 and a beta of 1.16.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.The company had revenue of $109.54 million during the quarter, compared to analysts' expectations of $107.08 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal 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 given a $0.3438 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 496.0%. Dime Community Bancshares's payout ratio is currently 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.