1,946,016 Shares in Dime Community Bancshares, Inc. $DCOM Acquired by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. purchased a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,946,016 shares of the savings and loans company’s stock, valued at approximately $79,106,000. Dime Community Bancshares accounts for 3.1% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 6th biggest holding.

Several other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new position in shares of Dime Community Bancshares in the fourth quarter valued at $28,000. Larson Financial Group LLC increased its stake in Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares during the period. Odyssean LLC purchased a new stake in Dime Community Bancshares during the 2nd quarter worth $203,000. iSAM Funds UK Ltd acquired a new position in Dime Community Bancshares in the 3rd quarter worth $169,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after buying an additional 4,446 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM opened at $40.43 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average of $40.27 and a two-hundred day moving average of $37.10. The stock has a market cap of $1.79 billion, a P/E ratio of 17.13 and a beta of 0.99. Dime Community Bancshares, Inc. has a 1-year low of $25.63 and a 1-year high of $41.97.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share 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 company had revenue of $128.41 million during the quarter, compared to the consensus estimate of $123.46 million. During the same period last year, the firm earned $0.64 earnings per share. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

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

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 7,170 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $41.40, for a total transaction of $296,838.00. Following the sale, the director directly owned 6,099 shares in the company, valued at $252,498.60. The trade was a 54.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.73, for a total value of $75,114.00. Following the sale, the director owned 32,400 shares in the company, valued at $1,352,052. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 211,748 shares of company stock valued at $8,546,780. 7.40% of the stock is owned by insiders.

Dime Community Bancshares 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.