EJF Capital LLC Raises Position in Dime Community Bancshares, Inc. $DCOM

Key Points

• EJF Capital LLC has increased its stake in Dime Community Bancshares, Inc. by 17.2%, owning 116,305 shares worth approximately $3.24 million, making it the 19th largest position in their portfolio.
• Other significant investors, including T. Rowe Price and Penn Capital Management, have also boosted their holdings in Dime Community Bancshares, reflecting a growing institutional interest in the company.
• Dime Community Bancshares announced a dividend of $0.3438 per share, yielding 496.0%, with a payout ratio of 119.05%, highlighting its commitment to returning value to shareholders.

EJF Capital LLC lifted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,305 shares of the savings and loans company's stock after acquiring an additional 17,041 shares during the quarter. Dime Community Bancshares accounts for about 2.1% of EJF Capital LLC's holdings, making the stock its 19th biggest position. EJF Capital LLC owned about 0.27% of Dime Community Bancshares worth $3,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCOM. Wellington Management Group LLP purchased a new stake in Dime Community Bancshares in the 4th quarter valued at approximately $39,073,000. T. Rowe Price Investment Management Inc. lifted its stake in Dime Community Bancshares by 16.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,357,255 shares of the savings and loans company's stock valued at $65,721,000 after buying an additional 340,046 shares in the last quarter. Penn Capital Management Company LLC lifted its stake in Dime Community Bancshares by 44.2% in the 1st quarter. Penn Capital Management Company LLC now owns 472,415 shares of the savings and loans company's stock valued at $13,205,000 after buying an additional 144,856 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 3,078.5% in the 1st quarter. GAMMA Investing LLC now owns 109,596 shares of the savings and loans company's stock valued at $3,056,000 after buying an additional 106,148 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Dime Community Bancshares in the 1st quarter valued at approximately $2,928,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Price Performance

DCOM stock traded up $0.37 on Monday, reaching $31.00. The company had a trading volume of 207,444 shares, compared to its average volume of 271,996. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $37.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The company's fifty day moving average is $28.84 and its 200 day moving average is $27.56. The company has a market cap of $1.36 billion, a P/E ratio of 36.91 and a beta of 1.15.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $107.08 million. During the same quarter in the prior year, the company posted $0.37 EPS. On average, 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 firm also recently declared a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.3438 per share. This represents a dividend yield of 496.0%. The ex-dividend date of this dividend was Friday, August 8th. Dime Community Bancshares's dividend 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.