Wellington Management Group LLP Sells 933,522 Shares of Dime Community Bancshares, Inc. $DCOM

Wellington Management Group LLP cut its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) by 21.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,407,671 shares of the savings and loans company’s stock after selling 933,522 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Dime Community Bancshares worth $138,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hilton Head Capital Partners LLC increased its stake in shares of Dime Community Bancshares by 54.5% in the first quarter. Hilton Head Capital Partners LLC now owns 1,452 shares of the savings and loans company’s stock valued at $49,000 after buying an additional 512 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Dime Community Bancshares by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 21,219 shares of the savings and loans company’s stock worth $718,000 after acquiring an additional 683 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Dime Community Bancshares by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,961 shares of the savings and loans company’s stock worth $699,000 after acquiring an additional 819 shares during the last quarter. Larson Financial Group LLC grew its holdings in Dime Community Bancshares by 742.9% during the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 884 shares during the period. Finally, Gator Capital Management LLC raised its holdings in Dime Community Bancshares by 0.9% in the fourth quarter. Gator Capital Management LLC now owns 110,185 shares of the savings and loans company’s stock worth $3,315,000 after purchasing an additional 955 shares during the period. 75.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 7,170 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $41.40, for a total value of $296,838.00. Following the transaction, the director directly owned 6,099 shares of the company’s stock, valued at $252,498.60. This represents a 54.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 1,800 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $41.73, for a total transaction of $75,114.00. Following the completion of the sale, the director directly owned 32,400 shares of the company’s stock, valued at approximately $1,352,052. The trade was a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 211,748 shares of company stock valued at $8,546,780 over the last 90 days. 7.40% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Trading Down 0.1%

DCOM opened at $40.43 on Tuesday. Dime Community Bancshares, Inc. has a twelve month low of $25.63 and a twelve month high of $41.97. The firm has a market cap of $1.79 billion, a PE ratio of 17.13 and a beta of 0.99. The firm’s fifty day moving average is $40.36 and its two-hundred day moving average is $37.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The business had revenue of $128.41 million during the quarter, compared to analysts’ expectations of $123.46 million. During the same quarter last year, the company posted $0.64 earnings per share. Equities research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 17th. This represents a $1.00 annualized dividend and a yield of 2.5%. Dime Community Bancshares’s dividend payout ratio (DPR) is 36.10%.

Dime Community Bancshares Profile

(Free Report)

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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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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