Thrivent Financial For Lutherans increased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,685 shares of the savings and loans company’s stock after buying an additional 860 shares during the period. Thrivent Financial For Lutherans’ holdings in Dime Community Bancshares were worth $359,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in DCOM. California Public Employees Retirement System boosted its position in Dime Community Bancshares by 0.9% in the first quarter. California Public Employees Retirement System now owns 128,719 shares of the savings and loans company’s stock worth $2,613,000 after buying an additional 1,200 shares in the last quarter. Teachers Advisors LLC boosted its position in Dime Community Bancshares by 2.4% in the first quarter. Teachers Advisors LLC now owns 52,189 shares of the savings and loans company’s stock worth $1,059,000 after buying an additional 1,220 shares in the last quarter. Systematic Financial Management LP boosted its position in Dime Community Bancshares by 13.5% in the first quarter. Systematic Financial Management LP now owns 605,414 shares of the savings and loans company’s stock worth $12,290,000 after buying an additional 71,854 shares in the last quarter. Principal Financial Group Inc. boosted its position in Dime Community Bancshares by 3.5% in the first quarter. Principal Financial Group Inc. now owns 239,380 shares of the savings and loans company’s stock worth $4,859,000 after buying an additional 8,029 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in 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 in the last quarter. 66.81% of the stock is owned by institutional investors and hedge funds.
Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at 18.95 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $16.10 and a 52 week high of $22.48. The stock has a market cap of $709.60 million, a PE ratio of 20.73 and a beta of 0.77. The stock has a 50 day moving average of $20.05 and a 200-day moving average of $20.33.
Dime Community Bancshares (NASDAQ:DCOM) last released 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 consensus estimate of $0.31 by $0.01. The firm had revenue of $39.80 million for the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. Equities research analysts predict that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, August 3rd. Dime Community Bancshares’s payout ratio is currently 60.22%.
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A number of equities analysts have commented on the stock. BidaskClub cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. 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 research note on Wednesday, July 12th. Finally, Piper Jaffray Companies raised shares of 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 note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target 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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