Boston Partners Decreases Stake in Dime Community Bancshares, Inc. $DCOM

Boston Partners lessened its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 97.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,823 shares of the savings and loans company’s stock after selling 588,620 shares during the period. Boston Partners’ holdings in Dime Community Bancshares were worth $453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc grew its stake in shares of Dime Community Bancshares by 19.1% during the 1st quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company’s stock worth $2,195,000 after purchasing an additional 12,652 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Dime Community Bancshares by 11.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,860 shares of the savings and loans company’s stock worth $331,000 after buying an additional 1,220 shares in the last quarter. Vanguard Group Inc. grew its position in Dime Community Bancshares by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company’s stock worth $76,793,000 after buying an additional 14,802 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Dime Community Bancshares by 12.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 395,529 shares of the savings and loans company’s stock valued at $11,027,000 after buying an additional 44,696 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Dime Community Bancshares during the 1st quarter valued at approximately $2,928,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,200 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $26.29, for a total transaction of $57,838.00. Following the transaction, the director owned 33,985 shares of the company’s stock, valued at $893,465.65. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Basswood Capital Management, L acquired 20,537 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $26.26 per share, for a total transaction of $539,301.62. Following the acquisition, the director directly owned 1,034,158 shares of the company’s stock, valued at approximately $27,156,989.08. The trade was a 2.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 14,200 shares of company stock worth $414,948. 7.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DCOM. Keefe, Bruyette & Woods lowered their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. DA Davidson assumed coverage on Dime Community Bancshares in a report on Monday, October 27th. They issued a “buy” rating and a $36.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.13.

Dime Community Bancshares Stock Down 0.8%

Shares of NASDAQ:DCOM opened at $28.36 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.24 billion, a P/E ratio of 24.87 and a beta of 1.15. Dime Community Bancshares, Inc. has a 52-week low of $23.25 and a 52-week high of $37.13. The stock’s fifty day simple moving average is $28.27 and its 200-day simple moving average is $28.22.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The company had revenue of $116.67 million for the quarter, compared to analysts’ expectations of $112.75 million. Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.During the same quarter in the prior year, the business posted $0.29 EPS. As a group, equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. Dime Community Bancshares’s dividend payout ratio is presently 87.72%.

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.