Invesco Ltd. Reduces Stock Position in Dime Community Bancshares, Inc. $DCOM

Invesco Ltd. reduced its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 6.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,432 shares of the savings and loans company’s stock after selling 21,510 shares during the period. Invesco Ltd. owned approximately 0.66% of Dime Community Bancshares worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DCOM. CoreCap Advisors LLC grew its stake in shares of Dime Community Bancshares by 125.0% in the 4th 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 in the last quarter. Hughes Financial Services LLC purchased a new position in shares of Dime Community Bancshares in the 1st quarter worth $37,000. GAMMA Investing LLC grew its stake in shares of Dime Community Bancshares by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after buying an additional 483 shares in the last quarter. CWM LLC grew its stake 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 worth $168,000 after buying an additional 4,311 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Dime Community Bancshares in the 4th quarter worth $219,000. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Stock Performance

Shares of NASDAQ:DCOM opened at $30.09 on Tuesday. Dime Community Bancshares, Inc. has a 52 week low of $23.25 and a 52 week high of $37.60. The stock has a market capitalization of $1.32 billion, a P/E ratio of 35.82 and a beta of 1.16. The firm has a fifty day simple moving average of $28.09 and a two-hundred day simple moving average of $27.62. 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 (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. The business had revenue of $109.54 million during the quarter, compared to analysts’ expectations of $107.08 million. During the same period last year, the company posted $0.37 EPS. On average, analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were issued 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 Activity

In other news, Director Raymond A. Nielsen sold 2,000 shares of the firm’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 completion of the sale, the director owned 35,392 shares in the company, valued at approximately $905,327.36. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.10% of the company’s stock.

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.