Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,287 shares of the savings and loans company’s stock after acquiring an additional 4,106 shares during the quarter. Ameriprise Financial Inc. owned 0.36% of Dime Community Bancshares worth $4,312,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth approximately $39,073,000. Penn Capital Management Company LLC acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth approximately $10,068,000. Stieven Capital Advisors L.P. grew its position in shares of Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock worth $19,060,000 after buying an additional 287,195 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Dime Community Bancshares by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company’s stock worth $84,202,000 after buying an additional 256,466 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Dime Community Bancshares by 13.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company’s stock worth $61,999,000 after buying an additional 233,417 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Wall Street Analysts Forecast Growth

DCOM has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Stephens decreased their price target on shares of Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $36.88.

Dime Community Bancshares Stock Performance

Dime Community Bancshares stock opened at $25.29 on Monday. The company has a market cap of $1.11 billion, a PE ratio of 42.87 and a beta of 1.09. The company has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $30.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. During the same quarter in the previous year, the company posted $0.38 earnings per share. Research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were issued a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 5.44%. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25. Dime Community Bancshares’s payout ratio is currently 158.73%.

About Dime Community Bancshares

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.