Saybrook Capital NC Has $861,000 Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Saybrook Capital NC reduced its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,886 shares of the savings and loans company’s stock after selling 4,550 shares during the period. Dime Community Bancshares comprises about 0.2% of Saybrook Capital NC’s investment portfolio, making the stock its 27th biggest position. Saybrook Capital NC’s holdings in Dime Community Bancshares were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kimelman & Baird LLC bought a new position in Dime Community Bancshares during the second quarter worth about $56,000. GAMMA Investing LLC increased its position in shares of Dime Community Bancshares by 30.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after purchasing an additional 685 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dime Community Bancshares by 496.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock valued at $98,000 after purchasing an additional 4,000 shares during the last quarter. Quest Partners LLC acquired a new position in Dime Community Bancshares in the second quarter valued at about $101,000. Finally, EMC Capital Management increased its holdings in shares of Dime Community Bancshares by 42.2% during the first quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after buying an additional 2,924 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Raymond James boosted their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Finally, Piper Sandler downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating and increased their price target for the company from $23.00 to $26.00 in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Dime Community Bancshares Stock Down 0.0 %

Shares of NASDAQ DCOM opened at $30.84 on Wednesday. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $31.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $1.20 billion, a P/E ratio of 17.33 and a beta of 1.00. The firm has a 50 day moving average price of $27.58 and a 200 day moving average price of $22.94.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The firm had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same quarter in the prior year, the company earned $0.56 EPS. Analysts expect that Dime Community Bancshares, Inc. will post 1.61 EPS for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.18%.

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.