Dime Community Bancshares (NASDAQ:DCOMP) Stock Price Up 2.4% – Should You Buy?

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) shares rose 2.4% during mid-day trading on Tuesday . The stock traded as high as $18.90 and last traded at $18.85. Approximately 3,115 shares were traded during trading, a decline of 63% from the average daily volume of 8,509 shares. The stock had previously closed at $18.41.

Dime Community Bancshares Trading Up 2.4 %

The firm has a fifty day moving average of $19.08 and a 200-day moving average of $19.57.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were issued a $0.3438 dividend. This represents a $1.38 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend was Thursday, February 6th.

Hedge Funds Weigh In On Dime Community Bancshares

A hedge fund recently raised its stake in Dime Community Bancshares stock. ORG Partners LLC grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) by 109.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,150 shares of the company’s stock after acquiring an additional 4,250 shares during the period. ORG Partners LLC’s holdings in Dime Community Bancshares were worth $157,000 at the end of the most recent quarter.

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.