Allspring Global Investments Holdings LLC Has $73,000 Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Allspring Global Investments Holdings LLC grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 58.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,142 shares of the savings and loans company’s stock after purchasing an additional 1,520 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dime Community Bancshares were worth $73,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. First Republic Investment Management Inc. grew its position in Dime Community Bancshares by 1.6% in the second quarter. First Republic Investment Management Inc. now owns 20,845 shares of the savings and loans company’s stock valued at $618,000 after purchasing an additional 332 shares in the last quarter. FMR LLC grew its position in shares of Dime Community Bancshares by 10.1% in the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after acquiring an additional 357 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Dime Community Bancshares by 12.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock worth $227,000 after buying an additional 707 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Dime Community Bancshares by 451.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,286 shares of the savings and loans company’s stock worth $29,000 after buying an additional 1,053 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Dime Community Bancshares by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 245,718 shares of the savings and loans company’s stock worth $5,583,000 after buying an additional 1,106 shares during the period. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Trading Down 2.2 %

DCOM opened at $20.53 on Friday. Dime Community Bancshares, Inc. has a twelve month low of $15.57 and a twelve month high of $36.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average of $19.73 and a 200-day moving average of $19.54. The stock has a market cap of $796.97 million, a PE ratio of 7.05 and a beta of 1.10.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 19th. The savings and loans company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Dime Community Bancshares had a net margin of 19.42% and a return on equity of 12.14%. The company had revenue of $165.77 million during the quarter, compared to analysts’ expectations of $86.65 million. During the same period in the prior year, the company posted $0.95 earnings per share. On average, sell-side analysts predict that Dime Community Bancshares, Inc. will post 2.67 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, October 16th. Dime Community Bancshares’s payout ratio is 34.36%.

Insiders Place Their Bets

In other Dime Community Bancshares news, insider Christopher J. Porzelt sold 4,500 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $21.68, for a total value of $97,560.00. Following the transaction, the insider now directly owns 11,333 shares of the company’s stock, valued at $245,699.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Basswood Capital Management, L purchased 231,286 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of $21.63 per share, with a total value of $5,002,716.18. Following the completion of the transaction, the director now directly owns 1,054,584 shares of the company’s stock, valued at $22,810,651.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher J. Porzelt sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $21.68, for a total transaction of $97,560.00. Following the transaction, the insider now directly owns 11,333 shares in the company, valued at $245,699.44. The disclosure for this sale can be found here. Corporate insiders own 15.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DCOM. Raymond James dropped their target price on shares of Dime Community Bancshares from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. StockNews.com upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Monday.

Dime Community Bancshares Company Profile

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