Charles Schwab Investment Management Inc. Buys 17,446 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Charles Schwab Investment Management Inc. boosted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,838 shares of the savings and loans company’s stock after acquiring an additional 17,446 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Dime Community Bancshares worth $7,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. AJOVista LLC bought a new position in Dime Community Bancshares in the 4th quarter worth about $82,000. Victory Capital Management Inc. increased its stake in Dime Community Bancshares by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 45,100 shares of the savings and loans company’s stock worth $1,215,000 after acquiring an additional 3,950 shares during the last quarter. GAMMA Investing LLC bought a new position in Dime Community Bancshares in the 4th quarter worth about $92,000. Phocas Financial Corp. increased its stake in Dime Community Bancshares by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 250,240 shares of the savings and loans company’s stock worth $6,739,000 after acquiring an additional 4,364 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Dime Community Bancshares in the 4th quarter worth about $471,000. 75.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DCOM shares. Raymond James decreased their target price on 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. Keefe, Bruyette & Woods cut their price objective 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. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $28.00 price objective on shares of Dime Community Bancshares in a report on Thursday, March 14th.

Check Out Our Latest Research Report on DCOM

Dime Community Bancshares Price Performance

DCOM opened at $18.47 on Friday. The stock has a market capitalization of $719.78 million, a P/E ratio of 10.38 and a beta of 1.01. Dime Community Bancshares, Inc. has a 12-month low of $16.02 and a 12-month high of $27.91. The stock has a 50-day moving average price of $18.97 and a 200-day moving average price of $20.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last issued 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 during the quarter, compared to analysts’ expectations of $80.15 million. Dime Community Bancshares had a return on equity of 7.76% and a net margin of 11.46%. Equities analysts predict that Dime Community Bancshares, Inc. will post 1.67 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend was Tuesday, April 16th. Dime Community Bancshares’s dividend payout ratio is presently 56.18%.

Dime Community Bancshares 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.

See Also

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

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