EJF Capital LLC Buys 17,041 Shares of 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 boosted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 17.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,305 shares of the savings and loans company's stock after buying an additional 17,041 shares during the quarter. Dime Community Bancshares makes up about 2.1% of EJF Capital LLC's holdings, making the stock its 19th biggest holding. 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 hedge funds and other institutional investors also recently added to or reduced their stakes in DCOM. Wellington Management Group LLP bought a new stake in Dime Community Bancshares during the 4th quarter valued at $39,073,000. T. Rowe Price Investment Management Inc. increased its position in Dime Community Bancshares by 16.9% during 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 purchasing an additional 340,046 shares during the period. Penn Capital Management Company LLC increased its position in Dime Community Bancshares by 44.2% during 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 purchasing an additional 144,856 shares during the period. GAMMA Investing LLC increased its position in Dime Community Bancshares by 3,078.5% during 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 purchasing an additional 106,148 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Dime Community Bancshares in the 1st quarter worth about $2,928,000. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Stock Down 1.6%

Shares of NASDAQ:DCOM traded down $0.51 during midday trading on Tuesday, reaching $30.49. The company's stock had a trading volume of 96,302 shares, compared to its average volume of 270,945. The firm has a 50 day moving average of $28.92 and a 200-day moving average of $27.56. The firm has a market capitalization of $1.34 billion, a P/E ratio of 36.35 and a beta of 1.15. 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 released its 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. The firm had revenue of $109.54 million for the quarter, compared to the consensus estimate of $107.08 million. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. During the same period in the prior year, the firm earned $0.37 EPS. On average, research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were given 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 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.