Jupiter Topco LLC Invests $796,000 in Dime Community Bancshares, Inc. $DCOM

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

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Dime Community Bancshares in the 2nd quarter worth approximately $251,937,000. Wellington Management Group LLP increased its position in shares of Dime Community Bancshares by 25.2% during the fourth quarter. Wellington Management Group LLP now owns 4,263,230 shares of the savings and loans company’s stock worth $128,281,000 after buying an additional 857,001 shares during the period. Dimensional Fund Advisors LP raised its stake in Dime Community Bancshares by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,786 shares of the savings and loans company’s stock worth $79,602,000 after buying an additional 23,035 shares during the last quarter. State Street Corp raised its stake in Dime Community Bancshares by 0.5% during the fourth quarter. State Street Corp now owns 1,824,019 shares of the savings and loans company’s stock worth $54,885,000 after buying an additional 8,936 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Dime Community Bancshares by 19.8% in the fourth quarter. Verition Fund Management LLC now owns 599,103 shares of the savings and loans company’s stock valued at $18,027,000 after buying an additional 99,011 shares during the period. Institutional investors own 75.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L sold 7,170 shares of Dime Community Bancshares stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $41.40, for a total value of $296,838.00. Following the completion of the sale, the director 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 legal filing with the SEC, which is available through this link. Also, Director Raymond A. Nielsen sold 1,800 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.73, for a total transaction of $75,114.00. Following the transaction, the director owned 32,400 shares in the company, valued at $1,352,052. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 211,748 shares of company stock valued at $8,546,780. 7.40% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Stock Performance

Shares of DCOM opened at $41.30 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.82 billion, a P/E ratio of 17.50 and a beta of 0.99. The firm’s fifty day simple moving average is $40.41 and its two-hundred day simple moving average is $37.34. Dime Community Bancshares, Inc. has a 12 month low of $25.63 and a 12 month high of $41.97.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $128.41 million during the quarter, compared to analyst estimates of $123.46 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same period last year, the company posted $0.64 EPS. As a group, analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

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

Dime Community Bancshares Company 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.