New York State Common Retirement Fund Increases Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

New York State Common Retirement Fund boosted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 303,469 shares of the savings and loans company’s stock after purchasing an additional 26,301 shares during the quarter. New York State Common Retirement Fund owned about 0.70% of Dime Community Bancshares worth $8,461,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Dime Community Bancshares by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 483 shares during the last quarter. CoreCap Advisors LLC raised its position in Dime Community Bancshares by 125.0% in the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock worth $28,000 after acquiring an additional 500 shares during the period. Rafferty Asset Management LLC raised its position in Dime Community Bancshares by 1.6% in the fourth quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company’s stock worth $1,250,000 after acquiring an additional 643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dime Community Bancshares by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company’s stock worth $620,000 after acquiring an additional 714 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Dime Community Bancshares by 11.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,386 shares of the savings and loans company’s stock worth $258,000 after acquiring an additional 855 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total transaction of $51,160.00. Following the transaction, the director directly owned 35,392 shares of the company’s stock, valued at $905,327.36. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.10% of the stock is owned by company insiders.

Analyst Ratings Changes

DCOM has been the topic of several recent 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 dropped 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 note on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of “Buy” and an average target price of $36.88.

Dime Community Bancshares Trading Down 0.2%

Shares of DCOM opened at $28.80 on Friday. Dime Community Bancshares, Inc. has a 1-year low of $21.53 and a 1-year high of $37.60. The company has a 50-day moving average of $27.04 and a 200 day moving average of $28.18. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 45.72 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.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Dime Community Bancshares had a net margin of 5.08% and a return on equity of 6.05%. The firm had revenue of $103.83 million during the quarter, compared to analysts’ expectations of $105.83 million. During the same quarter in the prior year, the company earned $0.38 EPS. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current 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. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, July 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 158.73%.

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.