LSV Asset Management lifted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,295,043 shares of the savings and loans company’s stock after purchasing an additional 82,551 shares during the period. LSV Asset Management owned about 3.46% of Dime Community Bancshares worth $27,131,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in Dime Community Bancshares by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,628 shares of the savings and loans company’s stock valued at $2,326,000 after buying an additional 684 shares during the period. Alliancebernstein L.P. lifted its position in Dime Community Bancshares by 3.4% during the second quarter. Alliancebernstein L.P. now owns 72,501 shares of the savings and loans company’s stock valued at $1,421,000 after buying an additional 2,400 shares during the period. Teachers Advisors LLC lifted its position in Dime Community Bancshares by 9.7% during the second quarter. Teachers Advisors LLC now owns 57,272 shares of the savings and loans company’s stock valued at $1,123,000 after buying an additional 5,083 shares during the period. Ameriprise Financial Inc. lifted its position in Dime Community Bancshares by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 192,869 shares of the savings and loans company’s stock valued at $3,784,000 after buying an additional 22,651 shares during the period. Finally, Nationwide Fund Advisors lifted its position in Dime Community Bancshares by 28.9% during the second quarter. Nationwide Fund Advisors now owns 83,362 shares of the savings and loans company’s stock valued at $1,634,000 after buying an additional 18,694 shares during the period. Hedge funds and other institutional investors own 68.63% of the company’s stock.
In other Dime Community Bancshares news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stuart H. Lubow purchased 2,300 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $19.25 per share, with a total value of $44,275.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,800 shares of company stock valued at $72,735. Corporate insiders own 7.30% of the company’s stock.
Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) opened at $18.55 on Thursday. Dime Community Bancshares, Inc. has a twelve month low of $17.95 and a twelve month high of $22.65. The company has a market capitalization of $686.64, a PE ratio of 14.23 and a beta of 0.72. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.31 and a quick ratio of 1.40.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $52.44 million during the quarter. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. analysts predict that Dime Community Bancshares, Inc. will post 1.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, February 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.02%. Dime Community Bancshares’s dividend payout ratio is currently 40.29%.
Several equities analysts have commented on the company. BidaskClub raised Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th. Barclays lifted their price target on Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Sandler O’Neill reaffirmed a “buy” rating and issued a $23.00 price target on shares of Dime Community Bancshares in a research report on Friday, January 26th. ValuEngine lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.25.
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Dime Community Bancshares 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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