Strs Ohio Sells 1,700 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Strs Ohio lowered its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,800 shares of the savings and loans company’s stock after selling 1,700 shares during the period. Strs Ohio’s holdings in Dime Community Bancshares were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Raymond James & Associates raised its holdings in shares of Dime Community Bancshares by 2.1% during the 3rd quarter. Raymond James & Associates now owns 31,588 shares of the savings and loans company’s stock worth $630,000 after buying an additional 656 shares in the last quarter. Swiss National Bank raised its holdings in shares of Dime Community Bancshares by 0.9% during the 3rd quarter. Swiss National Bank now owns 76,802 shares of the savings and loans company’s stock worth $1,533,000 after buying an additional 700 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Dime Community Bancshares by 2.7% during the 4th quarter. SG Americas Securities LLC now owns 31,062 shares of the savings and loans company’s stock worth $836,000 after buying an additional 825 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Dime Community Bancshares by 7.8% during the 3rd quarter. Amalgamated Bank now owns 13,799 shares of the savings and loans company’s stock worth $275,000 after buying an additional 1,001 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in Dime Community Bancshares by 2.7% in the 3rd quarter. TD Asset Management Inc now owns 61,310 shares of the savings and loans company’s stock worth $1,224,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 27,068 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.30% of the company’s stock.

Dime Community Bancshares Trading Up 2.9 %

NASDAQ DCOM opened at $19.08 on Monday. The business’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $21.03. Dime Community Bancshares, Inc. has a 12 month low of $15.57 and a 12 month high of $27.91. The firm has a market capitalization of $741.83 million, a PE ratio of 10.72 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87.

Dime Community Bancshares (NASDAQ:DCOM) last released 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 11.46% and a return on equity of 7.76%. The company had revenue of $167.63 million during the quarter, compared to the consensus estimate of $81.01 million. During the same quarter last year, the firm posted $0.99 EPS. On average, analysts expect that Dime Community Bancshares, Inc. will post 1.67 EPS for the current year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. 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 report on Friday, April 5th. Raymond James lowered their target price on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th. DA Davidson reaffirmed a “buy” rating and issued a $28.00 target price on shares of Dime Community Bancshares in a report on Thursday, March 14th. Finally, StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, March 21st.

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.