Mutual of America Capital Management LLC Buys 53,041 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Mutual of America Capital Management LLC increased its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 48.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,148 shares of the savings and loans company’s stock after acquiring an additional 53,041 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dime Community Bancshares were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 1,053 shares during the last quarter. FMR LLC grew its position in Dime Community Bancshares by 51.1% during the 3rd quarter. FMR LLC now owns 1,848 shares of the savings and loans company’s stock worth $37,000 after acquiring an additional 625 shares during the last quarter. Point72 Middle East FZE bought a new position in Dime Community Bancshares during the 4th quarter worth approximately $38,000. Point72 Hong Kong Ltd grew its position in Dime Community Bancshares by 1,225.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock worth $60,000 after acquiring an additional 1,618 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Dime Community Bancshares by 298.0% during the 2nd quarter. Lazard Asset Management LLC now owns 4,155 shares of the savings and loans company’s stock worth $72,000 after acquiring an additional 3,111 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $28.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, March 14th. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods cut their price objective on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Finally, Raymond James cut their price objective on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.88.

Insider Activity

In related news, Director Basswood Capital Management, L acquired 27,068 shares of the stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $23.00 per share, for a total transaction of $622,564.00. Following the completion of the purchase, the director now owns 1,015,221 shares of the company’s stock, valued at $23,350,083. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.30% of the stock is currently owned by company insiders.

Dime Community Bancshares Trading Down 0.9 %

DCOM opened at $18.35 on Tuesday. The stock has a market cap of $713.41 million, a PE ratio of 8.01 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average of $18.71 and a 200-day moving average of $21.10. Dime Community Bancshares, Inc. has a 52 week low of $15.57 and a 52 week high of $27.91.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Friday, January 26th. The savings and loans company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The firm had revenue of $167.63 million during the quarter, compared to analysts’ expectations of $81.01 million. Dime Community Bancshares had a net margin of 14.89% and a return on equity of 9.85%. During the same quarter in the previous year, the business earned $0.99 EPS. Equities research analysts predict that Dime Community Bancshares, Inc. will post 1.78 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Tuesday, April 16th. Dime Community Bancshares’s payout ratio is presently 43.67%.

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.