Dime Community Bancshares, Inc. $DCOM Stake Decreased by Comerica Bank

Comerica Bank lessened its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,443 shares of the savings and loans company’s stock after selling 676 shares during the period. Comerica Bank’s holdings in Dime Community Bancshares were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 483 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Dime Community Bancshares by 14.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company’s stock worth $624,000 after purchasing an additional 2,840 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Dime Community Bancshares during the 1st quarter valued at $433,000. Northern Trust Corp grew its holdings in shares of Dime Community Bancshares by 19.5% during the 4th quarter. Northern Trust Corp now owns 428,321 shares of the savings and loans company’s stock valued at $13,164,000 after acquiring an additional 69,856 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Dime Community Bancshares by 44.5% during the 4th quarter. Deutsche Bank AG now owns 32,463 shares of the savings and loans company’s stock valued at $998,000 after acquiring an additional 9,999 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Trading Up 1.2%

Shares of NASDAQ:DCOM opened at $31.00 on Tuesday. The stock has a market capitalization of $1.36 billion, a PE ratio of 36.91 and a beta of 1.15. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $37.60. The firm has a fifty day moving average price of $28.92 and a 200 day moving average price of $27.56. The company has a current ratio of 1.02, a quick 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $109.54 million during the quarter, compared to analysts’ expectations of $107.08 million. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. During the same period in the prior year, the company posted $0.37 earnings per share. Analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently announced a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.3438 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a 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.