Wellington Management Group LLP Grows Holdings in Dime Community Bancshares, Inc. $DCOM

Key Points

• Wellington Management Group LLP increased its stake in Dime Community Bancshares by 25.3% during the first quarter, acquiring over 321,000 shares to reach a total of approximately $44.4 million.
• Insider trading activities include Director Raymond A. Nielsen selling 2,000 shares, resulting in a 5.35% decrease in his position, while company insiders collectively own 7.10% of the company's stock.
• Dime Community Bancshares reported a quarterly earnings per share (EPS) of $0.64, surpassing estimates, and recently declared a dividend with a notable yield of 496.0%.

Wellington Management Group LLP grew its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 25.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,592,656 shares of the savings and loans company's stock after buying an additional 321,353 shares during the quarter. Wellington Management Group LLP owned 3.63% of Dime Community Bancshares worth $44,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DCOM. T. Rowe Price Investment Management Inc. grew its holdings in shares of Dime Community Bancshares by 13.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company's stock valued at $61,999,000 after buying an additional 233,417 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Dime Community Bancshares by 37.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 661,608 shares of the savings and loans company's stock valued at $20,335,000 after buying an additional 180,664 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Dime Community Bancshares during the fourth quarter valued at about $4,850,000. GAMMA Investing LLC grew its holdings in shares of Dime Community Bancshares by 3,078.5% during the first quarter. GAMMA Investing LLC now owns 109,596 shares of the savings and loans company's stock valued at $3,056,000 after buying an additional 106,148 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Dime Community Bancshares during the first quarter valued at about $2,928,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Up 0.5%

Shares of NASDAQ DCOM traded up $0.15 during mid-day trading on Friday, reaching $30.90. 9,905 shares of the company's stock traded hands, compared to its average volume of 274,728. The stock has a market cap of $1.36 billion, a P/E ratio of 36.79 and a beta of 1.16. The business has a 50-day simple moving average of $28.37 and a 200 day simple moving average of $27.65. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year high of $37.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) 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, beating 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 last year, the company earned $0.37 earnings per share. On average, 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 declared a dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were issued a dividend of $0.3438 per share. The ex-dividend date was Friday, August 8th. This represents a yield of 496.0%. Dime Community Bancshares's payout ratio is 119.05%.

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.