Dime Community Bancshares, Inc. (DCOM) Position Reduced by UBS Group AG

UBS Group AG reduced its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 46.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,935 shares of the savings and loans company’s stock after selling 4,283 shares during the period. UBS Group AG’s holdings in Dime Community Bancshares were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DCOM. Arizona State Retirement System boosted its stake in shares of Dime Community Bancshares by 0.6% in the first 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 in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Dime Community Bancshares by 1.6% in the first 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 in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Dime Community Bancshares by 6.8% in the first 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 in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Dime Community Bancshares by 5.1% in the first 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 in the last quarter. Finally, Comerica Bank boosted 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 worth $694,000 after buying an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) traded down 0.641% during trading on Tuesday, hitting $19.375. 10,387 shares of the stock traded hands. Dime Community Bancshares, Inc. has a 1-year low of $16.10 and a 1-year high of $22.48. The stock has a 50 day moving average price of $20.06 and a 200-day moving average price of $20.32. The stock has a market cap of $725.52 million, a price-to-earnings ratio of 21.198 and a beta of 0.77.

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

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

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A number of brokerages have commented on DCOM. BidaskClub cut shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday. Piper Jaffray Companies upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.50 to $22.50 in a research note on Tuesday, May 9th. Finally, Barclays PLC reiterated an “underweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average 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.

Want to see what other hedge funds are holding DCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dime Community Bancshares, Inc. (NASDAQ:DCOM).

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

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