Dimensional Fund Advisors LP raised its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799,743 shares of the savings and loans company’s stock after acquiring an additional 208,581 shares during the period. Dimensional Fund Advisors LP owned approximately 7.43% of Dime Community Bancshares worth $54,875,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its position in Dime Community Bancshares by 98,220.0% during the 2nd quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock worth $109,000 after acquiring an additional 4,911 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dime Community Bancshares during the 1st quarter worth $117,000. State of Alaska Department of Revenue grew its position in Dime Community Bancshares by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock worth $120,000 after acquiring an additional 2,717 shares during the last quarter. Mason Street Advisors LLC grew its position in Dime Community Bancshares by 6.8% during the 1st quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 461 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Dime Community Bancshares during the 1st quarter worth $163,000. 68.00% of the stock is owned by institutional investors.
Shares of Dime Community Bancshares, Inc. (DCOM) opened at 21.85 on Friday. The stock has a market capitalization of $818.20 million, a P/E ratio of 23.91 and a beta of 0.82. The company’s 50 day moving average price is $20.80 and its 200-day moving average price is $20.07. Dime Community Bancshares, Inc. has a 12 month low of $16.10 and a 12 month high of $22.48.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The company had revenue of $39.80 million during the quarter. Equities analysts predict that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.56%. Dime Community Bancshares’s dividend payout ratio (DPR) is 60.22%.
Several brokerages recently commented on DCOM. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. BidaskClub downgraded Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price objective on shares of Dime Community Bancshares in a research note on Tuesday, October 3rd. Finally, Barclays PLC reissued an “underweight” rating and issued a $20.00 price objective (up from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Dime Community Bancshares currently has an average rating of “Hold” and a consensus price target of $22.17.
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Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company 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.
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