LSV Asset Management Has $27.13 Million Stake in Dime Community Bancshares, Inc. (DCOM)
LSV Asset Management grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 6.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,295,043 shares of the savings and loans company’s stock after purchasing an additional 82,551 shares during the period. LSV Asset Management’s holdings in Dime Community Bancshares were worth $27,131,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new position in Dime Community Bancshares during the third quarter worth about $6,819,000. ClariVest Asset Management LLC boosted its position in Dime Community Bancshares by 3.5% during the third quarter. ClariVest Asset Management LLC now owns 370,772 shares of the savings and loans company’s stock worth $7,971,000 after purchasing an additional 12,555 shares during the period. Dimensional Fund Advisors LP boosted its position in Dime Community Bancshares by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock worth $62,817,000 after purchasing an additional 122,016 shares during the period. Foundry Partners LLC boosted its position in Dime Community Bancshares by 5.3% during the third quarter. Foundry Partners LLC now owns 324,830 shares of the savings and loans company’s stock worth $6,984,000 after purchasing an additional 16,350 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Dime Community Bancshares by 14.6% in the third quarter. Wells Fargo & Company MN now owns 101,250 shares of the savings and loans company’s stock worth $2,176,000 after buying an additional 12,870 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.
A number of equities research analysts have recently issued reports on DCOM shares. Barclays increased their price target on shares of Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.50 price target on shares of Dime Community Bancshares in a report on Tuesday, January 30th. Finally, BidaskClub downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.25.
Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) opened at $18.60 on Thursday. Dime Community Bancshares, Inc. has a fifty-two week low of $18.02 and a fifty-two week high of $22.65. The stock has a market cap of $692.25, a PE ratio of 14.34 and a beta of 0.72. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.31 and a quick ratio of 1.40.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $52.44 million for the quarter. Dime Community Bancshares had a net margin of 22.21% and a return on equity of 8.30%. research analysts predict that Dime Community Bancshares, Inc. will post 1.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Monday, February 5th. Dime Community Bancshares’s dividend payout ratio is currently 40.29%.
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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.
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