Deutsche Bank AG Invests $1.78 Million in Dime Community Bancshares, Inc. $DCOM

Deutsche Bank AG bought a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,835 shares of the savings and loans company’s stock, valued at approximately $1,782,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its stake in shares of Dime Community Bancshares by 40,939.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,756 shares of the savings and loans company’s stock valued at $1,136,000 after buying an additional 37,664 shares during the period. Bank of America Corp DE increased its stake in shares of Dime Community Bancshares by 19.8% during the first quarter. Bank of America Corp DE now owns 328,789 shares of the savings and loans company’s stock worth $11,120,000 after buying an additional 54,382 shares during the period. UBS Group AG increased its stake in shares of Dime Community Bancshares by 17.6% during the fourth quarter. UBS Group AG now owns 213,325 shares of the savings and loans company’s stock worth $6,419,000 after buying an additional 31,968 shares during the period. Verition Fund Management LLC raised its holdings in Dime Community Bancshares by 19.8% in the fourth quarter. Verition Fund Management LLC now owns 599,103 shares of the savings and loans company’s stock valued at $18,027,000 after acquiring an additional 99,011 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Dime Community Bancshares by 76.8% in the first quarter. Sei Investments Co. now owns 191,407 shares of the savings and loans company’s stock valued at $6,473,000 after acquiring an additional 83,173 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Stock Up 0.3%

Shares of Dime Community Bancshares stock opened at $40.53 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares, Inc. has a 52-week low of $25.63 and a 52-week high of $41.97. The company has a market capitalization of $1.79 billion, a P/E ratio of 17.17 and a beta of 0.99. The company has a 50 day moving average of $40.33 and a 200 day moving average of $37.16.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $128.41 million for the quarter, compared to the consensus estimate of $123.46 million. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. During the same period in the prior year, the firm posted $0.64 EPS. As a group, research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares’s payout ratio is 36.10%.

Insider Activity

In other news, Director Basswood Capital Management, L sold 53,000 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $40.76, for a total value of $2,160,280.00. Following the transaction, the director owned 6,440 shares in the company, valued at approximately $262,494.40. This represents a 89.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 211,748 shares of company stock worth $8,546,780. Corporate insiders own 7.40% of the company’s stock.

Dime Community Bancshares Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.