Rhumbline Advisers Has $3.12 Million Stock Holdings in Dime Community Bancshares, Inc. $DCOM

Rhumbline Advisers lowered its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 111,727 shares of the savings and loans company’s stock after selling 1,235 shares during the period. Rhumbline Advisers owned about 0.25% of Dime Community Bancshares worth $3,115,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of 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 valued at $110,000 after acquiring an additional 483 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Dime Community Bancshares by 1.6% during the fourth quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company’s stock valued at $1,250,000 after acquiring an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Dime Community Bancshares by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company’s stock valued at $620,000 after acquiring an additional 714 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Dime Community Bancshares by 11.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,860 shares of the savings and loans company’s stock valued at $331,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Dime Community Bancshares during the first quarter valued at $37,000. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Price Performance

DCOM stock opened at $30.81 on Tuesday. The company has a fifty day moving average price of $29.16 and a 200-day moving average price of $27.56. The company has a market capitalization of $1.35 billion, a P/E ratio of 36.68 and a beta of 1.15. Dime Community Bancshares, Inc. has a 52-week low of $23.25 and a 52-week high of $37.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $109.54 million during the quarter, compared to the consensus estimate of $107.08 million. During the same quarter last year, the firm earned $0.37 earnings per share. As a group, equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

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

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,000 shares of Dime Community Bancshares stock in a transaction on Monday, September 8th. The shares were sold at an average price of $30.92, for a total value of $30,920.00. Following the completion of the sale, the director directly owned 38,185 shares of the company’s stock, valued at approximately $1,180,680.20. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Basswood Capital Management, L sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $272,970.00. Following the sale, the director directly owned 1,034,158 shares of the company’s stock, valued at approximately $31,366,012.14. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

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.