Ieq Capital LLC Purchases 13,090 Shares of Dime Community Bancshares, Inc. $DCOM

Key Points

• Ieq Capital LLC has significantly increased its stake in Dime Community Bancshares, purchasing an additional 13,090 shares, bringing its total ownership to 22,176 shares valued at $618,000.
• Dime Community Bancshares reported a quarterly earnings per share (EPS) of $0.64, exceeding analysts' expectations of $0.63, and had a revenue of $109.54 million.
• The company recently declared a dividend of $0.3438 per share, yielding 496.0%, despite a high payout ratio of 119.05%.

Ieq Capital LLC lifted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 144.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,176 shares of the savings and loans company's stock after acquiring an additional 13,090 shares during the quarter. Ieq Capital LLC owned 0.05% of Dime Community Bancshares worth $618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after buying an additional 483 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Dime Community Bancshares by 14.5% during the first quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company's stock valued at $624,000 after buying an additional 2,840 shares during the period. Northern Trust Corp boosted its stake in Dime Community Bancshares by 19.5% during the fourth quarter. Northern Trust Corp now owns 428,321 shares of the savings and loans company's stock valued at $13,164,000 after buying an additional 69,856 shares during the period. Jump Financial LLC bought a new stake in Dime Community Bancshares during the first quarter valued at $433,000. Finally, Deutsche Bank AG raised its position in Dime Community Bancshares by 44.5% during the fourth quarter. Deutsche Bank AG now owns 32,463 shares of the savings and loans company's stock valued at $998,000 after purchasing an additional 9,999 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares Trading Up 1.1%

Shares of NASDAQ DCOM traded up $0.33 during trading hours on Monday, hitting $30.96. The company's stock had a trading volume of 76,168 shares, compared to its average volume of 271,192. 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 stock has a market cap of $1.36 billion, a price-to-earnings ratio of 36.76 and a beta of 1.15. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $37.60. The business has a 50-day simple moving average of $28.84 and a 200-day simple moving average of $27.56.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. The company had revenue of $109.54 million during the quarter, compared to analyst estimates of $107.08 million. During the same period in the previous year, the business earned $0.37 EPS. On average, analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

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

About Dime Community Bancshares

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.