Invesco Ltd. Lowers Holdings in Dime Community Bancshares, Inc. $DCOM

Key Points

• Invesco Ltd. has reduced its stake in Dime Community Bancshares by 6.9%, owning approximately 289,432 shares worth $8.07 million after selling 21,510 shares in the first quarter.
• The company recently reported earnings of $0.64 EPS, exceeding analysts' expectations, with a revenue of $109.54 million for the quarter.
• Dime Community Bancshares announced a dividend of $0.3438 per share, reflecting a remarkable dividend yield of 496.0%.

Invesco Ltd. reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 289,432 shares of the savings and loans company's stock after selling 21,510 shares during the quarter. Invesco Ltd. owned 0.66% of Dime Community Bancshares worth $8,069,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Dime Community Bancshares by 12.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 395,529 shares of the savings and loans company's stock valued at $11,027,000 after buying an additional 44,696 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dime Community Bancshares by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company's stock valued at $76,793,000 after purchasing an additional 14,802 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Dime Community Bancshares by 11.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,860 shares of the savings and loans company's stock valued at $331,000 after purchasing an additional 1,220 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Dime Community Bancshares by 19.1% in the 1st quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company's stock valued at $2,195,000 after purchasing an additional 12,652 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Dime Community Bancshares by 1.6% in the 1st quarter. Royce & Associates LP now owns 435,800 shares of the savings and loans company's stock valued at $12,150,000 after purchasing an additional 6,892 shares in the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Dime Community Bancshares Price Performance

Shares of Dime Community Bancshares stock traded up $0.01 on Friday, hitting $30.76. The company's stock had a trading volume of 113,092 shares, compared to its average volume of 275,368. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $37.60. The firm has a fifty day moving average price of $28.37 and a 200-day moving average price of $27.65. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 36.62 and a beta of 1.16.

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, beating 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 firm had revenue of $109.54 million for the quarter, compared to analyst estimates of $107.08 million. During the same period last year, the company posted $0.37 EPS. As a group, sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

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