Dime Community Bancshares, Inc. (DCOM) Stake Boosted by Systematic Financial Management LP
Systematic Financial Management LP increased its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 745,880 shares of the savings and loans company’s stock after purchasing an additional 9,639 shares during the period. Systematic Financial Management LP owned approximately 1.99% of Dime Community Bancshares worth $13,314,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Dime Community Bancshares during the 2nd quarter valued at about $141,000. Engineers Gate Manager LP bought a new position in shares of Dime Community Bancshares during the 3rd quarter valued at about $238,000. SG Americas Securities LLC bought a new position in shares of Dime Community Bancshares during the 2nd quarter valued at about $322,000. HGK Asset Management Inc. lifted its holdings in shares of Dime Community Bancshares by 19.3% during the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock valued at $363,000 after purchasing an additional 3,013 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Dime Community Bancshares by 18.3% during the 2nd quarter. Schroder Investment Management Group now owns 23,442 shares of the savings and loans company’s stock valued at $462,000 after purchasing an additional 3,624 shares in the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.
Several equities analysts have recently weighed in on DCOM shares. ValuEngine upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub raised Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Barclays dropped their target price on Dime Community Bancshares from $20.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.83.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Friday, October 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). Dime Community Bancshares had a net margin of 22.65% and a return on equity of 8.34%. The firm had revenue of $37.25 million during the quarter, compared to analyst estimates of $37.90 million. Research analysts forecast that Dime Community Bancshares, Inc. will post 1.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Monday, November 5th. Dime Community Bancshares’s dividend payout ratio is presently 43.41%.
Dime Community Bancshares Profile
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.
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