Clear Harbor Asset Management LLC Has $289,000 Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Clear Harbor Asset Management LLC maintained its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the second quarter, Holdings Channel reports. The institutional investor owned 14,536 shares of the savings and loans company’s stock at the end of the second quarter. Clear Harbor Asset Management LLC’s holdings in Dime Community Bancshares were worth $289,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Karp Capital Management Corp purchased a new stake in shares of Dime Community Bancshares during the first quarter valued at approximately $495,000. Comerica Bank increased its stake in shares of Dime Community Bancshares by 3.2% in the first quarter. Comerica Bank now owns 34,353 shares of the savings and loans company’s stock valued at $694,000 after buying an additional 1,067 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dime Community Bancshares by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 605,407 shares of the savings and loans company’s stock valued at $12,290,000 after buying an additional 18,396 shares in the last quarter. LSV Asset Management increased its stake in shares of Dime Community Bancshares by 19.7% in the first quarter. LSV Asset Management now owns 908,322 shares of the savings and loans company’s stock valued at $18,438,000 after buying an additional 149,806 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Dime Community Bancshares by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 43,954 shares of the savings and loans company’s stock valued at $890,000 after buying an additional 2,513 shares in the last quarter. Institutional investors own 67.32% of the company’s stock.

Dime Community Bancshares, Inc. (NASDAQ DCOM) traded up 2.46% on Friday, hitting $20.85. The company had a trading volume of 191,026 shares. The firm has a 50-day moving average price of $20.11 and a 200-day moving average price of $20.34. The firm has a market capitalization of $784.65 million, a PE ratio of 22.81 and a beta of 0.77. Dime Community Bancshares, Inc. has a 12-month low of $16.10 and a 12-month high of $22.48.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $39.80 million for the quarter. Dime Community Bancshares had a return on equity of 8.10% and a net margin of 16.23%. On average, equities research analysts anticipate that Dime Community Bancshares, Inc. will post $1.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 60.22%.

WARNING: “Clear Harbor Asset Management LLC Has $289,000 Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)” was first reported by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.baseball-news-blog.com/2017/07/30/clear-harbor-asset-management-llc-has-289000-position-in-dime-community-bancshares-inc-nasdaqdcom.html.

Several brokerages have recently commented on DCOM. Keefe, Bruyette & Woods set a $22.00 target price on shares of Dime Community Bancshares and gave the company a “hold” rating in a research note on Tuesday, April 4th. Barclays PLC restated an “underweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $20.50 to $22.50 in a research note on Tuesday, May 9th.

In related news, Director Steven D. Cohn sold 2,761 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $20.35, for a total value of $56,186.35. Following the sale, the director now directly owns 71,990 shares of the company’s stock, valued at $1,464,996.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Pucella sold 2,012 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $19.34, for a total value of $38,912.08. Following the completion of the sale, the insider now directly owns 22,838 shares in the company, valued at $441,686.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,992 shares of company stock worth $118,674. 12.70% of the stock is currently owned by insiders.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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