Northern Trust Corp Raises Stock Position in Dime Community Bancshares, Inc. $DCOM

Northern Trust Corp grew its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435,361 shares of the savings and loans company’s stock after buying an additional 7,040 shares during the period. Northern Trust Corp owned approximately 0.99% of Dime Community Bancshares worth $12,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 483 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Dime Community Bancshares by 14.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company’s stock worth $624,000 after acquiring an additional 2,840 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Dime Community Bancshares by 44.5% in the 4th quarter. Deutsche Bank AG now owns 32,463 shares of the savings and loans company’s stock worth $998,000 after acquiring an additional 9,999 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Dime Community Bancshares by 314.4% in the 1st quarter. SG Americas Securities LLC now owns 16,023 shares of the savings and loans company’s stock worth $447,000 after acquiring an additional 12,156 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Dime Community Bancshares by 19.1% in the 1st quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company’s stock worth $2,195,000 after acquiring an additional 12,652 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Trading Up 2.0%

Shares of DCOM opened at $30.99 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 50-day moving average of $28.77 and a 200 day moving average of $27.62. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 36.89 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.

Dime Community Bancshares (NASDAQ:DCOM) last announced 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. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. The company had revenue of $109.54 million during the quarter, compared to analyst estimates of $107.08 million. During the same quarter last year, the business posted $0.37 EPS. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were issued a $0.3438 dividend. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 496.0%. Dime Community Bancshares’s payout ratio is currently 119.05%.

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.