December 1, 2016 - By Ruchi Gupta · 0 Comments
The stock of Dime Community Bancshares (NASDAQ:DCOM) registered an increase of 7.01% in short interest. DCOM’s total short interest was 673,200 shares in December as published by FINRA. Its up 7.01% from 629,100 shares, reported previously. With 86,800 shares average volume, it will take short sellers 8 days to cover their DCOM’s short positions. The short interest to Dime Community Bancshares’s float is 2.2%. The stock decreased 0.53% or $0.1 during the last trading session, hitting $18.65. Dime Community Bancshares, Inc. (NASDAQ:DCOM) has risen 5.41% since April 28, 2016 and is uptrending. It has underperformed by 0.51% 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 $700.19 million. The Firm is a unitary savings and loan holding company. It has a 8.25 P/E ratio. The Firm operates through Community Banking segment.
Insitutional Activity: The institutional sentiment increased to 1.76 in 2016 Q2. Its up 0.11, from 1.65 in 2016Q1. The ratio improved, 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.
Creative Planning reported 675 shares or 0% of all its holdings. Bridgeway Management holds 0.02% or 57,500 shares in its portfolio. Thrivent Finance For Lutherans last reported 0% of its portfolio in the stock. Teachers has 49,239 shares for 0% of their US portfolio. Systematic L P holds 551,698 shares or 0.13% of its portfolio. Millennium Mngmt Ltd Liability Com holds 0.01% of its portfolio in Dime Community Bancshares, Inc. (NASDAQ:DCOM) for 168,354 shares. Texas Permanent School Fund has 23,572 shares for 0.01% of their US portfolio. Moreover, First Manhattan has 0% invested in Dime Community Bancshares, Inc. (NASDAQ:DCOM) for 2,384 shares. Vanguard Grp Incorporated holds 2.62 million shares or 0% of its portfolio. Metropolitan Life Insurance last reported 23,257 shares in the company. First Advsr L P last reported 0% of its portfolio in the stock. Sector Pension Inv Board accumulated 20,972 shares or 0% of the stock. Nordea Investment Mngmt Ab, a Sweden-based fund reported 120,600 shares. Pinebridge Invs Lp holds 0% or 3,910 shares in its portfolio. Moreover, Highlander Mngmt Limited Company has 0.16% invested in Dime Community Bancshares, Inc. (NASDAQ:DCOM) for 10,000 shares.
Insider Transactions: Since August 16, 2016, the stock had 1 insider purchase, and 0 sales for $33,872 net activity. NELSON KATHLEEN M. bought $33,872 worth of stock or 2,000 shares.
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. Dime Community Bancshares has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, September 16 by Piper Jaffray. The firm has “Neutral” rating given on Friday, June 3 by Piper Jaffray. The firm has “Overweight” rating given on Monday, October 26 by Piper Jaffray.
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).
More recent Dime Community Bancshares, Inc. (NASDAQ:DCOM) news were published by: Finance.Yahoo.com which released: “Dime Community Bancshares, Inc. Reports Solid Quarterly Earnings” on October 27, 2016. Also Marketwatch.com published the news titled: “Dime Community Bancshares downgraded to neutral from overweight at PiperJaffray” on April 18, 2011. Nasdaq.com‘s news article titled: “Dime Community Bancshares, Inc. (DCOM) Ex-Dividend Date Scheduled for November …” with publication date: November 03, 2016 was also an interesting one.
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By Ruchi Gupta