Dime Community Bancshares, Inc. (DCOM) To Go Ex-Dividend on January 16th

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend on Tuesday, December 16th. Investors of record on Friday, January 16th will be given a dividend of 0.25 per share by the savings and loans company on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, January 16th.

Dime Community Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.2%

DCOM opened at $29.73 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 26.08 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $29.26 and a 200 day moving average of $29.15. Dime Community Bancshares has a 12 month low of $23.25 and a 12 month high of $34.00.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.06). The firm had revenue of $116.67 million for the quarter, compared to the consensus estimate of $112.75 million. Dime Community Bancshares had a net margin of 8.72% and a return on equity of 7.81%. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, 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 Raymond A. Nielsen sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $26.29, for a total transaction of $57,838.00. Following the completion of the transaction, the director owned 33,985 shares in the company, valued at $893,465.65. The trade was a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Basswood Capital Management, L acquired 20,537 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $26.26 per share, with a total value of $539,301.62. Following the completion of the transaction, the director owned 1,034,158 shares in the company, valued at approximately $27,156,989.08. This represents a 2.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 4,695 shares of company stock valued at $125,809 over the last 90 days. 7.10% of the stock is currently owned by company insiders.

Institutional Trading of Dime Community Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of DCOM. Louisiana State Employees Retirement System lifted its position in Dime Community Bancshares by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the savings and loans company’s stock valued at $561,000 after purchasing an additional 400 shares during the period. Amalgamated Bank grew its holdings in shares of Dime Community Bancshares by 3.6% during the third quarter. Amalgamated Bank now owns 11,630 shares of the savings and loans company’s stock worth $347,000 after buying an additional 406 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Dime Community Bancshares by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,448 shares of the savings and loans company’s stock worth $878,000 after acquiring an additional 449 shares during the period. GAMMA Investing LLC grew its position in shares of Dime Community Bancshares by 15.1% in the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock valued at $133,000 after purchasing an additional 584 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dime Community Bancshares by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,125 shares of the savings and loans company’s stock valued at $273,000 after acquiring an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

About Dime Community Bancshares

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.