Principal Financial Group Inc. Trims Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Principal Financial Group Inc. lowered its position in Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,109 shares of the savings and loans company’s stock after selling 6,574 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Dime Community Bancshares worth $4,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Dime Community Bancshares by 2.1% in the third quarter. Raymond James & Associates now owns 31,588 shares of the savings and loans company’s stock valued at $630,000 after buying an additional 656 shares during the last quarter. Swiss National Bank raised its stake 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 worth $1,533,000 after purchasing an additional 700 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Dime Community Bancshares by 2.7% during the fourth quarter. SG Americas Securities LLC now owns 31,062 shares of the savings and loans company’s stock worth $836,000 after purchasing an additional 825 shares during the last quarter. Amalgamated Bank raised its stake in shares of Dime Community Bancshares by 7.8% during the third quarter. Amalgamated Bank now owns 13,799 shares of the savings and loans company’s stock worth $275,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Dime Community Bancshares by 11.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,102 shares of the savings and loans company’s stock worth $434,000 after purchasing an additional 1,707 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Stock Up 1.2 %

Dime Community Bancshares stock opened at $18.39 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $716.66 million, a price-to-earnings ratio of 10.33 and a beta of 1.01. Dime Community Bancshares, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $27.91. The stock’s fifty day moving average is $18.97 and its two-hundred day moving average is $21.00.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last posted its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $82.00 million for the quarter, compared to analyst estimates of $80.15 million. Dime Community Bancshares had a return on equity of 7.76% and a net margin of 11.46%. Analysts predict that Dime Community Bancshares, Inc. will post 1.67 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.44%. The ex-dividend date was Tuesday, April 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is 56.18%.

Wall Street Analyst Weigh In

DCOM has been the subject of several analyst reports. DA Davidson restated a “buy” rating and set a $28.00 price target on shares of Dime Community Bancshares in a research note on Thursday, March 14th. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods cut their price target 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. Finally, Raymond James dropped their price objective on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th.

Read Our Latest Analysis on Dime Community Bancshares

Dime Community Bancshares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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