Dime Community Bancshares, Inc. (NASDAQ:DCOM) is expected to pay $0.14 on Nov 16, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Dime Community Bancshares, Inc.’s current price of $16.40, the dividend is 0.85%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 28, 2016. The stock closed at $16.4 during the last session. It is down 6.02% since April 1, 2016 and is downtrending. It has underperformed by 7.23% the S&P500.
Dime Community Bancshares, Inc. operates as a holding firm for The Dime Savings Bank of Williamsburgh , a chartered savings bank. The company has a market cap of $619.71 million. The Firm is a unitary savings and loan holding company. It has a 7.24 P/E ratio. The Firm operates through Community Banking segment.
Insitutional Activity: The institutional sentiment increased to 1.65 in Q2 2016. Its up 0.20, from 1.45 in 2016Q1. The ratio increased, as 9 funds sold all Dime Community Bancshares, Inc. shares owned while 31 reduced positions. 15 funds bought stakes while 51 increased positions. They now own 24.44 million shares or 1.16% more from 24.16 million shares in 2016Q1.
Nordea Invest Ab has invested 0.01% of its portfolio in Dime Community Bancshares, Inc. (NASDAQ:DCOM). The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Dime Community Bancshares, Inc. (NASDAQ:DCOM). Brandywine Glob Ltd Liability Com reported 118,603 shares or 0.01% of all its holdings. Profund Advsr Limited Liability Co reported 10,072 shares or 0.01% of all its holdings. The Unknown-based Mckinley Cap Limited Liability Corp Delaware has invested 0% in Dime Community Bancshares, Inc. (NASDAQ:DCOM). Parametric Associate Limited Liability holds 0% of its portfolio in Dime Community Bancshares, Inc. (NASDAQ:DCOM) for 166,676 shares. Teachers Advsr Inc accumulated 0% or 49,239 shares. Blackrock Limited Com reported 15,991 shares or 0% of all its holdings. Wedge Capital Mngmt L Ltd Partnership Nc accumulated 14,113 shares or 0% of the stock. Wells Fargo Mn, a California-based fund reported 83,991 shares. Pinebridge Limited Partnership, a New York-based fund reported 3,910 shares. Sei Investments Communications reported 757 shares or 0% of all its holdings. Louisiana State Employees Retirement System, a Louisiana-based fund reported 13,700 shares. Royal Natl Bank Of Canada accumulated 0% or 30,225 shares. Prudential Fincl accumulated 486,294 shares or 0.01% of the stock.
Insider Transactions: Since May 6, 2016, the stock had 1 insider buy, and 6 insider sales for $1.33 million net activity. 24,799 Dime Community Bancshares, Inc. (NASDAQ:DCOM) shares with value of $452,752 were sold by PALAGIANO VINCENT F. Another trade for 5,453 shares valued at $101,153 was sold by KING TIMOTHY B. Shares for $505,813 were sold by MITCHELL TERENCE J on Thursday, May 12. 3,863 shares were sold by PUCELLA MICHAEL, worth $68,010 on Friday, May 6. COHN STEVEN D sold 7,500 shares worth $138,525. On Tuesday, August 16 NELSON KATHLEEN M. bought $33,872 worth of the stock or 2,000 shares.
Dime Community Bancshares, Inc. (NASDAQ:DCOM) Ratings Coverage
Out of 3 analysts covering Dime Community Bancshares (NASDAQ:DCOM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $18.50 is the highest target while $17 is the lowest. The $17.75 average target is 8.23% above today’s ($16.4) stock price. Dime Community Bancshares has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Piper Jaffray on Friday, June 3 to “Neutral”. The firm has “Overweight” rating by Piper Jaffray given on Monday, October 26. The stock of Dime Community Bancshares, Inc. (NASDAQ:DCOM) earned “Neutral” rating by Piper Jaffray on Wednesday, September 16.
More recent Dime Community Bancshares, Inc. (NASDAQ:DCOM) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 18, 2011. Also Finance.Yahoo.com published the news titled: “Dime Community Bancshares, Inc. Reports Solid Quarterly Earnings” on October 27, 2016. Marketwired.com‘s news article titled: “Dime Community Bancshares, Inc. to Participate in Mortgage Bankers Association …” with publication date: September 28, 2016 was also an interesting one.
DCOM Company Profile
Dime Community Bancshares, Inc., incorporated on June 10, 1998, operates as a holding firm for The Dime Savings Bank of Williamsburgh (the Bank), a chartered savings bank. The Firm is a unitary savings and loan holding company. The Firm operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities. The Bank’s primary sources of funds are, in general, deposits; loan amortization, prepayments and maturities; MBS amortization, prepayments and maturities; investment securities maturities and sales, and advances from the Federal Home Loan Bank of New York (FHLBNY).
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