Dime Community Bancshares, Inc. $DCOM Shares Bought by Systematic Financial Management LP

Key Points

• Systematic Financial Management LP has increased its stake in Dime Community Bancshares by 7.3%, now holding over 1.2 million shares, which accounts for 1.0% of its portfolio.
• Dime Community Bancshares recently reported quarterly earnings with an EPS of $0.64, exceeding estimates, alongside a revenue of $109.54 million.
• The company declared a dividend of $0.3438, yielding 496.0%, with an impressive payout ratio of 119.05%.

Systematic Financial Management LP lifted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,201,536 shares of the savings and loans company's stock after purchasing an additional 81,774 shares during the quarter. Dime Community Bancshares comprises about 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 28th biggest position. Systematic Financial Management LP owned about 2.74% of Dime Community Bancshares worth $33,499,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of 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 worth $110,000 after purchasing an additional 483 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of 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 worth $28,000 after buying an additional 500 shares during the period. Rafferty Asset Management LLC raised its position in shares of Dime Community Bancshares by 1.6% in the 4th quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company's stock worth $1,250,000 after buying an additional 643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Dime Community Bancshares by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company's stock worth $620,000 after buying an additional 714 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Dime Community Bancshares by 861.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after buying an additional 1,017 shares during the period. Institutional investors and hedge funds own 75.27% of the company's stock.

Dime Community Bancshares Trading Down 0.0%

Shares of DCOM traded down $0.01 during trading hours on Thursday, hitting $30.59. The stock had a trading volume of 50,897 shares, compared to its average volume of 275,598. 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 firm has a market cap of $1.34 billion, a P/E ratio of 36.42 and a beta of 1.16. The company's fifty day simple moving average is $28.27 and its 200 day simple moving average is $27.66. 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 issued its earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $109.54 million for the quarter, compared to analyst estimates of $107.08 million. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.During the same period last year, the company posted $0.37 EPS. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a $0.3438 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a 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.