Dime Community Bancshares, Inc. (NASDAQ:DCOMP) Sees Significant Growth in Short Interest

Dime Community Bancshares, Inc. (NASDAQ:DCOMP) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,400 shares, a growth of 28.0% from the February 28th total of 5,000 shares. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Dime Community Bancshares

An institutional investor recently raised its position in Dime Community Bancshares stock. ORG Partners LLC raised its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOMP) by 109.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,150 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. ORG Partners LLC’s holdings in Dime Community Bancshares were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Dime Community Bancshares Stock Performance

DCOMP stock opened at $19.25 on Tuesday. Dime Community Bancshares has a twelve month low of $16.22 and a twelve month high of $21.44. The stock’s 50 day moving average is $19.52 and its 200-day moving average is $19.77.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.3438 per share. This represents a $1.38 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend was Thursday, February 6th.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.