Dime Community Bancshares, Inc. (DCOM) Position Lowered by Morgan Stanley

Morgan Stanley lessened its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,504 shares of the savings and loans company’s stock after selling 72,169 shares during the period. Morgan Stanley owned about 0.33% of Dime Community Bancshares worth $2,508,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in Dime Community Bancshares by 0.6% during the 1st quarter. Arizona State Retirement System now owns 16,170 shares of the savings and loans company’s stock worth $328,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Dime Community Bancshares by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the savings and loans company’s stock worth $258,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Dime Community Bancshares by 6.8% during the 1st quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock worth $148,000 after buying an additional 461 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Dime Community Bancshares by 5.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 17,685 shares of the savings and loans company’s stock worth $359,000 after buying an additional 860 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Dime Community Bancshares by 3.2% during the 1st quarter. Comerica Bank now owns 34,353 shares of the savings and loans company’s stock worth $694,000 after buying an additional 1,067 shares during the last quarter. 68.00% of the stock is currently owned by institutional investors.

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DCOM has been the topic of several recent research reports. ValuEngine downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Barclays PLC reissued an “underweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price target on shares of Dime Community Bancshares in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Dime Community Bancshares has a consensus rating of “Hold” and an average target price of $21.50.

Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at 18.60 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $16.10 and a 52 week high of $22.48. The company has a market cap of $696.50 million, a P/E ratio of 20.35 and a beta of 0.80. The firm’s 50-day moving average price is $19.48 and its 200 day moving average price is $20.02.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 3rd. Dime Community Bancshares’s payout ratio is currently 60.22%.

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.

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

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