Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,229 shares of the savings and loans company’s stock after selling 472 shares during the period. Maryland State Retirement & Pension System’s holdings in Dime Community Bancshares were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DCOM. Victory Capital Management Inc. raised its position in shares of 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 valued at $1,215,000 after purchasing an additional 3,950 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dime Community Bancshares by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 290,838 shares of the savings and loans company’s stock valued at $7,832,000 after acquiring an additional 17,446 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dime Community Bancshares by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,146,521 shares of the savings and loans company’s stock valued at $57,807,000 after acquiring an additional 43,679 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Dime Community Bancshares by 1,218.3% in the 4th quarter. First Eagle Investment Management LLC now owns 300,654 shares of the savings and loans company’s stock valued at $8,097,000 after acquiring an additional 277,847 shares during the last quarter. Finally, BHZ Capital Management LP increased its holdings in shares of Dime Community Bancshares by 28.7% in the 4th quarter. BHZ Capital Management LP now owns 83,338 shares of the savings and loans company’s stock valued at $2,244,000 after acquiring an additional 18,592 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Price Performance

Shares of DCOM opened at $25.87 on Thursday. The company has a market cap of $1.01 billion, a P/E ratio of 14.53 and a beta of 1.00. The stock has a fifty day moving average price of $23.10 and a 200 day moving average price of $20.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.02 and a quick ratio of 1.02. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $27.91.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Dime Community Bancshares had a return on equity of 6.58% and a net margin of 9.98%. The company had revenue of $171.23 million during the quarter, compared to analyst estimates of $82.19 million. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, research analysts forecast that Dime Community Bancshares, Inc. will post 1.62 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 17th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.18%.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of research analyst reports. Piper Sandler downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $23.00 to $26.00 in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Dime Community Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

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.