Quantinno Capital Management LP Purchases 16,363 Shares of Dime Community Bancshares, Inc. $DCOM

Quantinno Capital Management LP boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 49.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,434 shares of the savings and loans company’s stock after acquiring an additional 16,363 shares during the quarter. Quantinno Capital Management LP’s holdings in Dime Community Bancshares were worth $1,672,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Dime Community Bancshares by 25.2% during the 4th quarter. Wellington Management Group LLP now owns 4,263,230 shares of the savings and loans company’s stock worth $128,281,000 after purchasing an additional 857,001 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Dime Community Bancshares during the 4th quarter valued at $13,321,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Dime Community Bancshares by 97.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 432,464 shares of the savings and loans company’s stock valued at $12,900,000 after purchasing an additional 212,934 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Dime Community Bancshares by 271.4% in the 3rd quarter. Bank of America Corp DE now owns 266,005 shares of the savings and loans company’s stock valued at $7,935,000 after purchasing an additional 194,383 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Dime Community Bancshares by 19.8% in the fourth quarter. Verition Fund Management LLC now owns 599,103 shares of the savings and loans company’s stock worth $18,027,000 after purchasing an additional 99,011 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 53,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $40.76, for a total transaction of $2,160,280.00. Following the completion of the transaction, the director owned 6,440 shares of the company’s stock, valued at $262,494.40. The trade was a 89.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond A. Nielsen sold 1,800 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.73, for a total transaction of $75,114.00. Following the transaction, the director directly owned 32,400 shares of the company’s stock, valued at approximately $1,352,052. This represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,569 shares of company stock worth $6,573,423 in the last quarter. Insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DCOM shares. DA Davidson increased their target price on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Dime Community Bancshares Trading Up 0.4%

NASDAQ:DCOM opened at $40.79 on Thursday. The company’s 50 day moving average is $39.94 and its 200-day moving average is $36.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares, Inc. has a 12 month low of $25.63 and a 12 month high of $41.97. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 17.28 and a beta of 0.99.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, July 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is 36.10%.

Dime Community Bancshares Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.