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 during the month of February. As of February 28th, there was short interest totalling 5,000 shares, a growth of 31.6% from the February 13th total of 3,800 shares. Based on an average trading volume of 9,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dime Community Bancshares stock. ORG Partners LLC boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOMP) by 109.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,150 shares of the company’s stock after buying an additional 4,250 shares during the period. ORG Partners LLC’s holdings in Dime Community Bancshares were worth $157,000 at the end of the most recent quarter.

Dime Community Bancshares Stock Down 0.4 %

Shares of NASDAQ DCOMP traded down $0.09 during midday trading on Tuesday, reaching $19.47. 971 shares of the stock traded hands, compared to its average volume of 7,075. Dime Community Bancshares has a one year low of $16.22 and a one year high of $21.44. The company’s 50 day moving average is $19.65 and its 200 day moving average is $19.73.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were given a dividend of $0.3438 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 7.06%.

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.