Charles Schwab Investment Management Inc. boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 395,529 shares of the savings and loans company's stock after acquiring an additional 44,696 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Dime Community Bancshares worth $11,027,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its holdings in shares of Dime Community Bancshares by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after buying an additional 500 shares during the period. Hughes Financial Services LLC acquired a new position in Dime Community Bancshares in the 1st quarter valued at about $37,000. GAMMA Investing LLC increased its stake 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 during the period. CWM LLC lifted its position in shares of Dime Community Bancshares by 250.1% during the first quarter. CWM LLC now owns 6,035 shares of the savings and loans company's stock worth $168,000 after purchasing an additional 4,311 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth about $219,000. Institutional investors and hedge funds own 75.27% of the company's stock.
Insider Buying and Selling
In related news, Director Raymond A. Nielsen sold 2,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $25.58, for a total transaction of $51,160.00. Following the completion of the transaction, the director directly owned 35,392 shares of the company's stock, valued at $905,327.36. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.10% of the stock is owned by insiders.
Dime Community Bancshares Trading Up 6.1%
Shares of DCOM stock opened at $30.11 on Monday. Dime Community Bancshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $37.60. The company has a 50 day moving average price of $28.01 and a 200 day moving average price of $27.64. The stock has a market capitalization of $1.32 billion, a P/E ratio of 35.85 and a beta of 1.16. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The company 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 quarter last year, the company posted $0.37 EPS. Equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.
Dime Community Bancshares Dividend Announcement
The business also recently announced a dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were paid a dividend of $0.3438 per share. 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 presently 119.05%.
Dime Community Bancshares Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding DCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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