GAMMA Investing LLC Has $110,000 Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

GAMMA Investing LLC boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 14.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,931 shares of the savings and loans company’s stock after buying an additional 483 shares during the period. GAMMA Investing LLC’s holdings in Dime Community Bancshares were worth $110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Dime Community Bancshares during the fourth quarter worth about $39,073,000. Penn Capital Management Company LLC bought a new position in shares of Dime Community Bancshares in the fourth quarter valued at approximately $10,068,000. Vanguard Group Inc. boosted its position in shares of Dime Community Bancshares by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company’s stock valued at $84,202,000 after acquiring an additional 256,466 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Dime Community Bancshares by 13.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company’s stock valued at $61,999,000 after acquiring an additional 233,417 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dime Community Bancshares by 37.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 661,608 shares of the savings and loans company’s stock valued at $20,335,000 after acquiring an additional 180,664 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Stephens cut their price objective 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $36.88.

Dime Community Bancshares Trading Up 1.1%

Shares of Dime Community Bancshares stock opened at $28.64 on Monday. Dime Community Bancshares, Inc. has a 1 year low of $19.37 and a 1 year high of $37.60. The firm has a market cap of $1.26 billion, a PE ratio of 45.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $26.55 and a two-hundred day simple moving average of $28.33.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share 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 analyst estimates of $105.83 million. Dime Community Bancshares had a net margin of 5.08% and a return on equity of 6.05%. During the same period in the previous year, the business posted $0.38 EPS. Analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. Dime Community Bancshares’s payout ratio is 158.73%.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the sale, the director directly owned 35,392 shares in the company, valued at approximately $905,327.36. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.10% of the company’s stock.

Dime Community Bancshares Company 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.