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

A number of other hedge funds have also made changes to their positions in DCOM. Wellington Management Group LLP acquired a new position in shares of Dime Community Bancshares during the 4th quarter valued at about $39,073,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 340,046 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in shares of 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 acquiring an additional 144,856 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 106,148 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Dime Community Bancshares during the 1st quarter valued at about $2,928,000. Institutional investors and hedge funds own 75.27% of the company's stock.

Dime Community Bancshares Stock Down 0.2%

Shares of NASDAQ DCOM traded down $0.08 during mid-day trading on Tuesday, reaching $30.93. 32,334 shares of the company traded hands, compared to its average volume of 270,540. 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 PE ratio of 36.88 and a beta of 1.15. The company's fifty day moving average is $28.92 and its two-hundred day moving average is $27.56. Dime Community Bancshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $109.54 million during the quarter, compared to the consensus estimate of $107.08 million. During the same quarter in the prior year, the company earned $0.37 EPS. On average, analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 8th. This represents a yield of 496.0%. Dime Community Bancshares's dividend payout ratio is presently 119.05%.

Dime Community Bancshares Company 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.