National Planning Corp boosted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,433 shares of the savings and loans company’s stock after buying an additional 1,046 shares during the period. National Planning Corp’s holdings in Dime Community Bancshares were worth $290,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of DCOM. Parametric Portfolio Associates LLC raised its position in Dime Community Bancshares by 23.3% in the first quarter. Parametric Portfolio Associates LLC now owns 156,557 shares of the savings and loans company’s stock valued at $3,178,000 after buying an additional 29,540 shares during the last quarter. TD Asset Management Inc. raised its position in 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 valued at $1,870,000 after buying an additional 32,800 shares during the last quarter. Karp Capital Management Corp bought a new position in Dime Community Bancshares during the first quarter valued at approximately $495,000. Comerica Bank raised its position in 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its position in 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 during the last quarter. 67.30% of the stock is owned by institutional investors and hedge funds.
Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at 19.50 on Tuesday. The stock has a market capitalization of $730.20 million, a P/E ratio of 21.33 and a beta of 0.77. The company’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 52 week low of $16.10 and a 52 week high of $22.48.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share 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 company had revenue of $39.80 million for the quarter. Equities research analysts expect that Dime Community Bancshares, Inc. will post $1.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders 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 of this dividend was Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio is presently 60.22%.
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Several research firms have recently commented on DCOM. BidaskClub lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday. Piper Jaffray Companies raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $20.50 to $22.50 in a research report on Tuesday, May 9th. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Barclays PLC reissued an “underweight” rating and issued a $20.00 price target (up from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Dime Community Bancshares currently has a consensus rating of “Hold” and a consensus target price of $21.50.
Dime Community Bancshares Company Profile
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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