Deutsche Bank AG Has $877,000 Stake in Dime Community Bancshares, Inc. $DCOM

Deutsche Bank AG lowered its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,466 shares of the savings and loans company’s stock after selling 997 shares during the period. Deutsche Bank AG owned about 0.07% of Dime Community Bancshares worth $877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Dime Community Bancshares by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company’s stock worth $76,793,000 after acquiring an additional 14,802 shares during the period. Dimensional Fund Advisors LP increased its stake in Dime Community Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company’s stock valued at $70,671,000 after acquiring an additional 71,273 shares during the period. Basswood Capital Management L.L.C. raised its position in Dime Community Bancshares by 1.5% in the fourth quarter. Basswood Capital Management L.L.C. now owns 2,064,565 shares of the savings and loans company’s stock worth $63,454,000 after purchasing an additional 30,202 shares in the last quarter. Wellington Management Group LLP bought a new position in Dime Community Bancshares during the fourth quarter worth about $39,073,000. Finally, Systematic Financial Management LP lifted its stake in Dime Community Bancshares by 2.7% during the fourth quarter. Systematic Financial Management LP now owns 1,119,762 shares of the savings and loans company’s stock worth $34,416,000 after purchasing an additional 28,928 shares during the period. Institutional investors own 75.27% of the company’s stock.

Insider Activity at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the sale, the director owned 35,392 shares of the company’s stock, valued at approximately $905,327.36. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.10% of the company’s stock.

Dime Community Bancshares Trading Up 6.1%

DCOM stock opened at $30.11 on Monday. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year high of $37.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $28.01 and its 200-day moving average is $27.64. The firm has a market cap of $1.32 billion, a P/E ratio of 35.85 and a beta of 1.16.

Dime Community Bancshares (NASDAQ:DCOM) last posted 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 the consensus estimate 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 company earned $0.37 EPS. Equities analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were issued 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%.

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.