Credit Suisse AG reduced its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 22.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,285 shares of the savings and loans company’s stock after selling 8,980 shares during the period. Credit Suisse AG owned approximately 0.08% of Dime Community Bancshares worth $635,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in Dime Community Bancshares during the first quarter valued at $259,000. Mutual of America Capital Management LLC boosted its position in Dime Community Bancshares by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 220,118 shares of the savings and loans company’s stock valued at $4,468,000 after buying an additional 1,614 shares during the period. State of Tennessee Treasury Department boosted its position in Dime Community Bancshares by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 28,466 shares of the savings and loans company’s stock valued at $578,000 after buying an additional 4,296 shares during the period. Parametric Portfolio Associates LLC boosted 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 period. Finally, TD Asset Management Inc. boosted 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 period. Institutional investors own 68.00% of the company’s stock.

Dime Community Bancshares, Inc. (NASDAQ DCOM) traded down 0.933% during trading on Tuesday, reaching $18.575. The company had a trading volume of 25,677 shares. The stock has a market capitalization of $695.56 million, a P/E ratio of 20.323 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 has a 50 day moving average of $19.86 and a 200-day moving average of $20.19.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, beating the Zacks’ 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%. On average, analysts forecast that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is 60.22%.

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Several equities analysts recently issued reports on DCOM shares. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $20.50 to $22.50 in a research report on Tuesday, May 9th. BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $20.00 price objective (up from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock 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.

Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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