Trexquant Investment LP Takes Position in Dime Community Bancshares, Inc. $DCOM

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 position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,158 shares of the savings and loans company's stock, valued at approximately $1,092,000. Trexquant Investment LP owned about 0.09% of Dime Community Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Dime Community Bancshares by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company's stock worth $76,793,000 after purchasing an additional 14,802 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Dime Community Bancshares by 16.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,357,255 shares of the savings and loans company's stock worth $65,721,000 after purchasing an additional 340,046 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Dime Community Bancshares by 25.3% in the first quarter. Wellington Management Group LLP now owns 1,592,656 shares of the savings and loans company's stock worth $44,403,000 after purchasing an additional 321,353 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Dime Community Bancshares by 7.3% in the first quarter. Systematic Financial Management LP now owns 1,201,536 shares of the savings and loans company's stock worth $33,499,000 after purchasing an additional 81,774 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its stake in shares of Dime Community Bancshares by 44.2% in the first quarter. Penn Capital Management Company LLC now owns 472,415 shares of the savings and loans company's stock worth $13,205,000 after purchasing an additional 144,856 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Stock Performance

Shares of DCOM traded down $0.17 during trading hours on Friday, hitting $30.81. The company's stock had a trading volume of 134,436 shares, compared to its average volume of 157,466. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 36.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $27.61. Dime Community Bancshares, Inc. has a 52-week low of $23.25 and a 52-week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted 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 firm had revenue of $109.54 million during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.37 earnings per share. On average, equities analysts expect 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 disclosed a dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were given a $0.3438 dividend. This represents a dividend yield of 496.0%. The ex-dividend date was Friday, August 8th. Dime Community Bancshares's dividend payout ratio (DPR) is 119.05%.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $30.33, for a total value of $272,970.00. Following the completion of the transaction, the director directly owned 1,034,158 shares in the company, valued at approximately $31,366,012.14. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond A. Nielsen sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.92, for a total transaction of $30,920.00. Following the completion of the transaction, the director owned 38,185 shares of the company's stock, valued at $1,180,680.20. This trade represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by company insiders.

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.