Dime Community Bancshares, Inc. (DCOM) Position Held by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY held its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,736 shares of the savings and loans company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.06% of Dime Community Bancshares worth $441,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DCOM. TD Asset Management Inc. boosted its stake in shares of Dime Community Bancshares by 55.3% in the first quarter. TD Asset Management Inc. now owns 92,100 shares of the savings and loans company’s stock worth $1,870,000 after buying an additional 32,800 shares during the period. Citadel Advisors LLC boosted its stake in shares of Dime Community Bancshares by 5.0% in the first quarter. Citadel Advisors LLC now owns 33,653 shares of the savings and loans company’s stock worth $683,000 after buying an additional 1,617 shares during the period. Bank of New York Mellon Corp boosted 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 worth $12,290,000 after buying an additional 18,396 shares during the period. Norges Bank acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth $8,333,000. Finally, ClariVest Asset Management LLC boosted its stake in shares of Dime Community Bancshares by 20.6% in the first quarter. ClariVest Asset Management LLC now owns 281,517 shares of the savings and loans company’s stock worth $5,714,000 after buying an additional 48,165 shares during the period. Institutional investors and hedge funds own 67.30% of the company’s stock.

Dime Community Bancshares, Inc. (DCOM) traded down 0.385% during midday trading on Tuesday, hitting $19.425. 16,408 shares of the stock were exchanged. The firm’s 50 day moving average price is $20.06 and its 200 day moving average price is $20.32. Dime Community Bancshares, Inc. has a 12 month low of $16.10 and a 12 month high of $22.48. The company has a market cap of $727.39 million, a PE ratio of 21.253 and a beta of 0.77.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The business had revenue of $39.80 million during the quarter. On average, equities research analysts forecast that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.87%. Dime Community Bancshares’s dividend payout ratio is currently 60.22%.

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DCOM has been the topic of a number of recent research reports. Barclays PLC restated an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. BidaskClub cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Piper Jaffray Companies upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $20.50 to $22.50 in a report on Tuesday, May 9th. Finally, ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.50.

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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