Jupiter Topco LLC Purchases New Position in Dime Community Bancshares, Inc. $DCOM

Jupiter Topco LLC acquired a new position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,564 shares of the savings and loans company’s stock, valued at approximately $796,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new stake in shares of Dime Community Bancshares during the fourth quarter worth $28,000. Larson Financial Group LLC boosted its holdings in shares of 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 valued at $30,000 after acquiring an additional 884 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Dime Community Bancshares during the 3rd quarter valued at $169,000. Tower Research Capital LLC TRC grew its position in Dime Community Bancshares by 326.4% during 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 acquiring an additional 4,446 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in Dime Community Bancshares during the 1st quarter worth $202,000. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Price Performance

Shares of DCOM opened at $41.30 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.82 billion, a PE ratio of 17.50 and a beta of 0.99. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $41.97. The business has a 50-day simple moving average of $40.41 and a two-hundred day simple moving average of $37.34.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, meeting 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 firm had revenue of $128.41 million for the quarter, compared to analyst estimates of $123.46 million. During the same period last year, the firm posted $0.64 earnings per share. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares’s payout ratio is presently 36.10%.

Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 53,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $40.76, for a total transaction of $2,160,280.00. Following the completion of the transaction, the director owned 6,440 shares of the company’s stock, valued at approximately $262,494.40. This trade represents a 89.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 211,748 shares of company stock valued at $8,546,780. Corporate insiders own 7.40% of the company’s stock.

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.