Dime Community Bancshares, Inc. (NASDAQ:DCOM) Declares Quarterly Dividend of $0.25

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend on Tuesday, September 23rd, RTT News reports. Stockholders of record on Friday, October 17th will be paid a dividend of 0.25 per share by the savings and loans company on Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, October 17th.

Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM opened at $30.52 on Wednesday. The business has a fifty day simple moving average of $29.42 and a 200-day simple moving average of $27.65. Dime Community Bancshares has a 52 week low of $23.25 and a 52 week high of $37.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.34 billion, a P/E ratio of 36.33 and a beta of 1.15.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results 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. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.The firm had revenue of $109.54 million during the quarter, compared to the consensus estimate of $107.08 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. Equities research analysts forecast that Dime Community Bancshares will post 3.06 EPS for the current year.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $272,970.00. Following the completion of the sale, the director owned 1,034,158 shares of the company’s stock, valued at approximately $31,366,012.14. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 1,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.92, for a total value of $30,920.00. Following the sale, the director directly owned 38,185 shares of the company’s stock, valued at approximately $1,180,680.20. This trade represents a 2.55% decrease in their position. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dime Community Bancshares

A number of institutional investors have recently added to or reduced their stakes in DCOM. Deutsche Bank AG grew its position in Dime Community Bancshares by 44.5% during the fourth quarter. Deutsche Bank AG now owns 32,463 shares of the savings and loans company’s stock valued at $998,000 after acquiring an additional 9,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Dime Community Bancshares by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company’s stock worth $620,000 after buying an additional 714 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Dime Community Bancshares by 3.0% in the fourth quarter. Nuveen Asset Management LLC now owns 101,503 shares of the savings and loans company’s stock worth $3,120,000 after buying an additional 2,920 shares during the period. ProShare Advisors LLC boosted its position in shares of Dime Community Bancshares by 45.5% in the fourth quarter. ProShare Advisors LLC now owns 10,759 shares of the savings and loans company’s stock worth $331,000 after buying an additional 3,367 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Dime Community Bancshares by 9.8% in the fourth quarter. Squarepoint Ops LLC now owns 41,946 shares of the savings and loans company’s stock worth $1,289,000 after buying an additional 3,733 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

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.