GAMMA Investing LLC Invests $92,000 in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

GAMMA Investing LLC bought a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,434 shares of the savings and loans company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank lifted its holdings in 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. Mutual of America Capital Management LLC lifted its holdings in Dime Community Bancshares by 48.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 163,148 shares of the savings and loans company’s stock worth $4,394,000 after buying an additional 53,041 shares in the last quarter. Alps Advisors Inc. acquired a new position in Dime Community Bancshares during the 3rd 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 worth $2,490,000 after buying an additional 6,947 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Dime Community Bancshares during the 3rd quarter worth $132,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCOM has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and set a $28.00 price objective on shares of Dime Community Bancshares in a report on Thursday, March 14th. StockNews.com cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods dropped their target price on shares of Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating for the company in a research report on Friday, April 5th. Finally, Raymond James dropped their target price on shares of Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th.

Dime Community Bancshares Price Performance

DCOM opened at $18.75 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. Dime Community Bancshares, Inc. has a 12 month low of $15.57 and a 12 month high of $27.91. The company has a fifty day simple moving average of $18.60 and a 200 day simple moving average of $21.02. The stock has a market cap of $728.96 million, a P/E ratio of 10.53 and a beta of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data 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 firm had revenue of $167.63 million during the quarter, compared to the consensus estimate of $81.01 million. During the same quarter in the prior year, the company earned $0.99 EPS. On average, research analysts expect that Dime Community Bancshares, Inc. will post 1.67 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Tuesday, April 16th. Dime Community Bancshares’s dividend payout ratio is currently 56.18%.

Insider Activity 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. 10.30% of the stock is owned by corporate insiders.

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.