Dimensional Fund Advisors LP Has $52.60 Million Stake in Dime Community Bancshares, Inc. (DCOM)
Dimensional Fund Advisors LP raised its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 7.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,591,162 shares of the savings and loans company’s stock after buying an additional 179,083 shares during the period. Dimensional Fund Advisors LP owned about 6.90% of Dime Community Bancshares worth $52,600,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DCOM. SG Americas Securities LLC acquired a new stake in shares of Dime Community Bancshares during the first quarter worth approximately $117,000. Mason Street Advisors LLC increased 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. Victory Capital Management Inc. acquired a new stake in shares of Dime Community Bancshares during the first quarter worth approximately $163,000. Janney Montgomery Scott LLC acquired a new stake in shares of Dime Community Bancshares during the first quarter worth approximately $225,000. Finally, Louisiana State Employees Retirement System increased 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. 66.81% of the stock is owned by institutional investors and hedge funds.
Dime Community Bancshares, Inc. (DCOM) traded down 0.25% during midday trading on Tuesday, reaching $20.00. The company’s stock had a trading volume of 95,608 shares. The firm has a market capitalization of $753.50 million, a price-to-earnings ratio of 21.88 and a beta of 0.77. Dime Community Bancshares, Inc. has a 12 month low of $16.10 and a 12 month high of $22.48. The stock’s 50-day moving average price is $20.07 and its 200-day moving average price is $20.35.
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, topping the Thomson Reuters’ 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 during the quarter. Analysts predict that Dime Community Bancshares, Inc. will post $1.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.80%. Dime Community Bancshares’s dividend payout ratio is 60.22%.
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A number of equities research analysts have recently commented on the company. Piper Jaffray Companies raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $20.50 to $22.50 in a research report on Tuesday, May 9th. BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Barclays PLC reissued an “underweight” rating and set a $20.00 price target (up previously 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 one has assigned a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and a consensus 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.
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