New York State Teachers Retirement System Has $1.32 Million Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

New York State Teachers Retirement System decreased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,876 shares of the savings and loans company’s stock after selling 800 shares during the period. New York State Teachers Retirement System’s holdings in Dime Community Bancshares were worth $1,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Dime Community Bancshares by 0.9% during the third quarter. Swiss National Bank now owns 76,802 shares of the savings and loans company’s stock valued at $1,533,000 after buying an additional 700 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Dime Community Bancshares in the third quarter valued at $588,000. Alps Advisors Inc. acquired a new position in Dime Community Bancshares during the third quarter worth $331,000. New York State Common Retirement Fund lifted its holdings in Dime Community Bancshares by 5.9% during the 3rd quarter. New York State Common Retirement Fund now owns 124,739 shares of the savings and loans company’s stock valued at $2,490,000 after purchasing an additional 6,947 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Dime Community Bancshares in the third quarter valued at approximately $132,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dime Community Bancshares Stock Performance

DCOM stock opened at $17.73 on Thursday. Dime Community Bancshares, Inc. has a twelve month low of $15.57 and a twelve month high of $27.91. 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 company has a market cap of $689.34 million, a P/E ratio of 7.74 and a beta of 1.02. The business’s fifty day moving average is $18.65 and its 200-day moving average is $21.06.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly 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). Dime Community Bancshares had a net margin of 14.89% and a return on equity of 9.85%. The company had revenue of $167.63 million during the quarter, compared to the consensus estimate of $81.01 million. During the same period last year, the company earned $0.99 earnings per share. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 1.78 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.64%. Dime Community Bancshares’s dividend payout ratio is 43.67%.

Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L acquired 27,068 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,015,221 shares in the company, valued at $23,350,083. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.30% of the company’s stock.

Dime Community Bancshares 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.