LSV Asset Management Lowers Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

LSV Asset Management decreased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 496,134 shares of the savings and loans company’s stock after selling 7,700 shares during the quarter. LSV Asset Management’s holdings in Dime Community Bancshares were worth $13,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in Dime Community Bancshares by 2.1% in the third quarter. Raymond James & Associates now owns 31,588 shares of the savings and loans company’s stock valued at $630,000 after acquiring an additional 656 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Dime Community Bancshares by 2.7% during the third quarter. TD Asset Management Inc now owns 61,310 shares of the savings and loans company’s stock worth $1,224,000 after purchasing an additional 1,600 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Dime Community Bancshares by 1.6% in the third quarter. Principal Financial Group Inc. now owns 188,683 shares of the savings and loans company’s stock worth $3,766,000 after buying an additional 2,906 shares during the period. Victory Capital Management Inc. grew its stake in shares of Dime Community Bancshares by 5.5% in the third quarter. Victory Capital Management Inc. now owns 41,150 shares of the savings and loans company’s stock valued at $821,000 after buying an additional 2,150 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in Dime Community Bancshares during the 3rd quarter worth approximately $389,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, March 14th. Keefe, Bruyette & Woods dropped their price target on shares of Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a research note on Friday, April 5th. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Raymond James decreased their price target on shares of Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th.

Dime Community Bancshares Trading Down 0.9 %

Shares of NASDAQ:DCOM opened at $19.55 on Wednesday. Dime Community Bancshares, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $27.91. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. The company has a market cap of $761.86 million, a PE ratio of 10.98 and a beta of 1.01. The company’s 50-day moving average price is $18.64 and its 200 day moving average price is $21.00.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $1.00 annualized dividend and a yield of 5.12%. Dime Community Bancshares’s payout ratio is 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.