Quantbot Technologies LP Raises Stock Position in Dime Community Bancshares, Inc. $DCOM

Key Points

• Quantbot Technologies LP increased its holdings in Dime Community Bancshares, Inc. by 133.8% during the 1st quarter, now owning about 24,860 shares valued at approximately $693,000.
• Several institutional investors, including CWM LLC and CoreCap Advisors LLC, also increased their stakes in Dime Community Bancshares, with hedge funds and institutional investors holding 75.27% of the stock.
• Dime Community Bancshares declared a dividend of $0.3438 per share, resulting in a remarkable dividend yield of 496.0%, despite a payout ratio of 119.05%.

Quantbot Technologies LP lifted its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 133.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,860 shares of the savings and loans company's stock after purchasing an additional 14,227 shares during the quarter. Quantbot Technologies LP owned about 0.06% of Dime Community Bancshares worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. CoreCap Advisors LLC lifted its position in Dime Community Bancshares by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Hughes Financial Services LLC bought a new position in Dime Community Bancshares in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC lifted its position in Dime Community Bancshares by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after acquiring an additional 483 shares in the last quarter. CWM LLC lifted its position in Dime Community Bancshares by 250.1% in the 1st quarter. CWM LLC now owns 6,035 shares of the savings and loans company's stock valued at $168,000 after acquiring an additional 4,311 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Dime Community Bancshares in the 4th quarter valued at approximately $219,000. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares Stock Up 0.3%

DCOM stock traded up $0.09 during midday trading on Friday, hitting $30.84. The company's stock had a trading volume of 32,408 shares, compared to its average volume of 274,878. The company has a market cap of $1.35 billion, a PE ratio of 36.61 and a beta of 1.16. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $37.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm's 50-day moving average is $28.37 and its 200-day moving average is $27.65.

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 analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $109.54 million during the quarter, compared to analyst estimates 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 previous year, the business earned $0.37 EPS. On average, equities research analysts forecast 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. Shareholders 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 payout ratio is currently 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.