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

Deutsche Bank AG purchased a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 43,835 shares of the savings and loans company's stock, valued at approximately $1,782,000. Deutsche Bank AG owned approximately 0.10% of Dime Community Bancshares as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in Dime Community Bancshares during the 4th quarter valued at about $28,000. Larson Financial Group LLC boosted its holdings in Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company's stock worth $30,000 after acquiring an additional 884 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company's stock worth $156,000 after acquiring an additional 4,446 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Dime Community Bancshares during the third quarter worth about $169,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Dime Community Bancshares during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $41.73, for a total transaction of $75,114.00. Following the completion of the transaction, the director owned 32,400 shares in the company, valued at approximately $1,352,052. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Basswood Capital Management, L sold 7,170 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $41.40, for a total value of $296,838.00. Following the completion of the transaction, the director directly owned 6,099 shares of the company's stock, valued at approximately $252,498.60. This trade represents a 54.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 211,748 shares of company stock worth $8,546,780 in the last quarter. Company insiders own 7.40% of the company's stock.

Dime Community Bancshares Stock Up 0.3%

DCOM stock opened at $40.53 on Friday. The firm has a 50 day moving average of $40.33 and a 200 day moving average of $37.16. The stock has a market capitalization of $1.79 billion, a PE ratio of 17.17 and a beta of 0.99. 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.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The firm had revenue of $128.41 million for the quarter, compared to the consensus estimate of $123.46 million. During the same period in the prior year, the firm earned $0.64 EPS. Sell-side analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

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

Dime Community Bancshares Company 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.

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