State of Alaska Department of Revenue Acquires 1,763 Shares of Dime Community Bancshares, Inc. $DCOM

State of Alaska Department of Revenue boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,517 shares of the savings and loans company’s stock after buying an additional 1,763 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Dime Community Bancshares worth $633,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Dime Community Bancshares by 16.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,273 shares of the savings and loans company’s stock worth $2,266,000 after buying an additional 11,512 shares during the period. Empowered Funds LLC raised its holdings in Dime Community Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company’s stock worth $2,289,000 after buying an additional 4,231 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Dime Community Bancshares by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock valued at $9,060,000 after purchasing an additional 18,195 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dime Community Bancshares by 17.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,621 shares of the savings and loans company’s stock valued at $659,000 after purchasing an additional 3,443 shares during the last quarter. Finally, EJF Capital LLC raised its holdings in shares of Dime Community Bancshares by 17.2% in the first quarter. EJF Capital LLC now owns 116,305 shares of the savings and loans company’s stock valued at $3,243,000 after purchasing an additional 17,041 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $30.33, for a total value of $272,970.00. Following the completion of the sale, the director owned 1,034,158 shares of the company’s stock, valued at approximately $31,366,012.14. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond A. Nielsen sold 1,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.92, for a total transaction of $30,920.00. Following the completion of the sale, the director directly owned 38,185 shares of the company’s stock, valued at approximately $1,180,680.20. The trade was a 2.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.10% of the company’s stock.

Dime Community Bancshares Trading Down 0.7%

DCOM stock opened at $30.43 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $29.73 and a two-hundred day moving average price of $27.81. Dime Community Bancshares, Inc. has a one year low of $23.25 and a one year high of $37.60. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 36.23 and a beta of 1.10.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. The firm had revenue of $109.54 million during the quarter, compared to analysts’ expectations of $107.08 million. During the same period in the previous year, the business posted $0.37 earnings per share. Equities analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, October 17th. Dime Community Bancshares’s payout ratio is presently 119.05%.

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.