Brown Advisory Inc. Has $30.42 Million Stock Position in Dime Community Bancshares, Inc. $DCOM

Brown Advisory Inc. raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,129,067 shares of the savings and loans company’s stock after buying an additional 131,087 shares during the quarter. Brown Advisory Inc. owned 2.57% of Dime Community Bancshares worth $30,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCOM. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at $97,000. XTX Topco Ltd acquired a new stake in Dime Community Bancshares in the second quarter worth $229,000. AlphaQuest LLC bought a new stake in Dime Community Bancshares in the second quarter valued at $235,000. Nisa Investment Advisors LLC raised its holdings in shares of Dime Community Bancshares by 53.4% during the second quarter. Nisa Investment Advisors LLC now owns 9,671 shares of the savings and loans company’s stock valued at $261,000 after purchasing an additional 3,366 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Dime Community Bancshares by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,125 shares of the savings and loans company’s stock worth $273,000 after purchasing an additional 730 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Stock Down 0.8%

Shares of NASDAQ:DCOM opened at $29.66 on Friday. The business’s 50 day moving average is $28.17 and its 200 day moving average is $28.29. Dime Community Bancshares, Inc. has a 12-month low of $23.25 and a 12-month high of $36.42. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 26.02 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.

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

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 3.4%. Dime Community Bancshares’s payout ratio is 87.72%.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $26.29, for a total value of $57,838.00. Following the completion of the transaction, the director directly owned 33,985 shares of the company’s stock, valued at $893,465.65. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L purchased 20,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $26.26 per share, with a total value of $539,301.62. Following the completion of the transaction, the director directly owned 1,034,158 shares of the company’s stock, valued at $27,156,989.08. The trade was a 2.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 14,200 shares of company stock valued at $414,948 over the last ninety days. 7.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.