Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 19.3% during the third quarter, Holdings Channel.com reports. The fund owned 242,027 shares of the savings and loans company’s stock after buying an additional 39,190 shares during the period. Foundry Partners LLC’s holdings in Dime Community Bancshares were worth $6,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DCOM. Vanguard Group Inc. boosted its position in Dime Community Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,479,855 shares of the savings and loans company’s stock worth $47,762,000 after purchasing an additional 19,999 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dime Community Bancshares by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,173,003 shares of the savings and loans company’s stock worth $44,328,000 after buying an additional 13,650 shares during the period. Boston Partners lifted its position in shares of Dime Community Bancshares by 4.8% during the 1st quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock valued at $13,334,000 after buying an additional 31,853 shares in the last quarter. American Century Companies Inc. grew its stake in Dime Community Bancshares by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock valued at $12,959,000 after acquiring an additional 77,284 shares during the period. Finally, Royce & Associates LP increased its holdings in Dime Community Bancshares by 47.4% in the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after acquiring an additional 162,004 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the acquisition, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. The trade was a 2.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.10% of the company’s stock.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM opened at $34.69 on Thursday. Dime Community Bancshares, Inc. has a twelve month low of $17.29 and a twelve month high of $36.05. The company has a market cap of $1.36 billion, a P/E ratio of 23.13 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $30.09 and its 200-day moving average price is $24.49.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DCOM shares. Raymond James increased their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $39.00 in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

Dime Community Bancshares Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.