39,158 Shares in Dime Community Bancshares, Inc. $DCOM Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP invested approximately $1.09 million in Dime Community Bancshares by acquiring 39,158 shares, which constitutes about 0.09% of the company's stock.
• Dime Community Bancshares recently reported a quarterly earnings per share of $0.64, exceeding analysts' expectations of $0.63, and generated revenue of $109.54 million.
• The company declared a dividend of $0.3438 per share, resulting in an impressive dividend yield of 496.0%, though its payout ratio is notably high at 119.05%.

Trexquant Investment LP acquired a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,158 shares of the savings and loans company's stock, valued at approximately $1,092,000. Trexquant Investment LP owned approximately 0.09% of Dime Community Bancshares at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted 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 in the last quarter. CoreCap Advisors LLC boosted its position in shares of Dime Community Bancshares by 125.0% in the fourth 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 boosted its position in shares of Dime Community Bancshares by 1.6% in the fourth 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. boosted its position in shares of Dime Community Bancshares by 3.7% in the fourth 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, PNC Financial Services Group Inc. boosted its position in shares of Dime Community Bancshares by 11.5% in the first quarter. PNC Financial Services Group Inc. now owns 11,860 shares of the savings and loans company's stock worth $331,000 after buying an additional 1,220 shares during the period. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 1,000 shares of Dime Community Bancshares stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.92, for a total transaction of $30,920.00. Following the completion of the sale, the director owned 38,185 shares of the company's stock, valued at approximately $1,180,680.20. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.10% of the company's stock.

Dime Community Bancshares Stock Up 0.6%

Shares of Dime Community Bancshares stock traded up $0.17 during midday trading on Wednesday, hitting $30.56. The company's stock had a trading volume of 153,158 shares, compared to its average volume of 270,883. The firm has a market capitalization of $1.34 billion, a P/E ratio of 36.38 and a beta of 1.15. The stock has a 50-day simple moving average of $28.97 and a 200-day simple moving average of $27.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $109.54 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were given a dividend of $0.3438 per share. 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 presently 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.