Dime Community Bancshares, Inc. $DCOM Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 58.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,532 shares of the savings and loans company’s stock after selling 169,624 shares during the period. Russell Investments Group Ltd. owned approximately 0.28% of Dime Community Bancshares worth $3,416,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DCOM. CoreCap Advisors LLC lifted its position in Dime Community Bancshares by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock worth $28,000 after acquiring an additional 500 shares during the period. Hughes Financial Services LLC purchased a new position in Dime Community Bancshares during the 1st quarter worth approximately $37,000. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 14.0% during 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 during the period. CWM LLC boosted its holdings in shares of 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 during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Dime Community Bancshares in the 4th quarter valued at $219,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 2,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total transaction of $51,160.00. Following the sale, the director directly owned 35,392 shares of the company’s stock, valued at approximately $905,327.36. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.10% of the stock is currently owned by company insiders.

Dime Community Bancshares Trading Up 6.1%

NASDAQ DCOM opened at $30.11 on Friday. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $37.60. 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 company has a market capitalization of $1.32 billion, a PE ratio of 35.85 and a beta of 1.16. The company has a fifty day moving average of $28.01 and a 200 day moving average of $27.68.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data 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 return on equity of 6.90% and a net margin of 6.74%.During the same quarter last year, the business posted $0.37 EPS. Research analysts forecast 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. Stockholders of record on Monday, August 11th were paid a dividend of $0.3438 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 496.0%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 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.