Boston Partners Sells 30,773 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Boston Partners lessened its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,604 shares of the savings and loans company’s stock after selling 30,773 shares during the period. Boston Partners owned about 1.70% of Dime Community Bancshares worth $17,707,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DCOM. Mutual of America Capital Management LLC grew its holdings in Dime Community Bancshares by 48.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 163,148 shares of the savings and loans company’s stock worth $4,394,000 after purchasing an additional 53,041 shares during the period. American Century Companies Inc. boosted its stake in shares of Dime Community Bancshares by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 369,130 shares of the savings and loans company’s stock worth $7,368,000 after acquiring an additional 46,033 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Dime Community Bancshares by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,146,521 shares of the savings and loans company’s stock worth $57,807,000 after acquiring an additional 43,679 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dime Community Bancshares by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,392 shares of the savings and loans company’s stock valued at $5,457,000 after acquiring an additional 23,201 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in Dime Community Bancshares during the 3rd quarter valued at $455,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Dime Community Bancshares Stock Performance

Shares of Dime Community Bancshares stock opened at $19.84 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50-day moving average of $18.79 and a 200-day moving average of $21.06. Dime Community Bancshares, Inc. has a 52-week low of $15.57 and a 52-week high of $27.91. The stock has a market cap of $773.16 million, a PE ratio of 11.15 and a beta of 1.01.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Dime Community Bancshares had a net margin of 11.46% and a return on equity of 7.76%. The business had revenue of $82.00 million during the quarter, compared to analysts’ expectations of $80.15 million. As a group, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.67 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Tuesday, April 16th. Dime Community Bancshares’s dividend payout ratio is currently 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.