Wells Fargo & Company MN grew its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,505 shares of the savings and loans company’s stock after purchasing an additional 9,255 shares during the quarter. Wells Fargo & Company MN owned approximately 0.30% of Dime Community Bancshares worth $2,315,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in DCOM. New York State Common Retirement Fund boosted its stake in shares of Dime Community Bancshares by 2.3% during the third quarter. New York State Common Retirement Fund now owns 162,323 shares of the savings and loans company’s stock valued at $3,490,000 after purchasing an additional 3,604 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Dime Community Bancshares by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 124,930 shares of the savings and loans company’s stock worth $2,686,000 after acquiring an additional 6,302 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dime Community Bancshares by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock worth $62,817,000 after acquiring an additional 122,016 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Dime Community Bancshares in the third quarter worth $313,000. Finally, Neuberger Berman Group LLC purchased a new stake in Dime Community Bancshares in the third quarter worth $213,000. 72.86% of the stock is owned by hedge funds and other institutional investors.
Shares of DCOM stock opened at $18.85 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $699.99, a P/E ratio of 14.50 and a beta of 0.72. Dime Community Bancshares, Inc. has a 52 week low of $17.75 and a 52 week high of $22.65.
Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business 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%. sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 1.45 EPS for the current fiscal year.
DCOM has been the subject of a number of research analyst reports. Barclays raised their price target on Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. ValuEngine lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub raised Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $21.50 price target on shares of Dime Community Bancshares in a research note on Tuesday, January 30th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $22.00 price target on shares of Dime Community Bancshares in a research note on Monday, March 26th. 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 stock. The stock has an average rating of “Hold” and an average target price of $21.63.
In other news, EVP Stuart H. Lubow acquired 2,300 shares of the stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $19.25 per share, with a total value of $44,275.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven D. Cohn sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $19.21, for a total value of $192,100.00. Following the transaction, the director now directly owns 81,990 shares of the company’s stock, valued at approximately $1,575,027.90. The disclosure for this sale can be found here. Insiders have acquired 4,300 shares of company stock valued at $81,980 in the last three months. Insiders own 7.30% of the company’s stock.
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Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.
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