Russell Investments Group Ltd. trimmed its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 592,141 shares of the savings and loans company’s stock after selling 50,639 shares during the period. Russell Investments Group Ltd. owned approximately 1.58% of Dime Community Bancshares worth $12,723,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Federated Investors Inc. PA lifted its stake in Dime Community Bancshares by 0.5% during the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 47 shares in the last quarter. Alps Advisors Inc. lifted its stake in Dime Community Bancshares by 0.3% during the second quarter. Alps Advisors Inc. now owns 23,132 shares of the savings and loans company’s stock worth $453,000 after purchasing an additional 59 shares in the last quarter. Arizona State Retirement System lifted its stake in Dime Community Bancshares by 0.6% during the second quarter. Arizona State Retirement System now owns 16,270 shares of the savings and loans company’s stock worth $319,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its stake in Dime Community Bancshares by 1.3% during the second quarter. Texas Permanent School Fund now owns 22,806 shares of the savings and loans company’s stock worth $447,000 after purchasing an additional 297 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Dime Community Bancshares by 8.4% during the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 486 shares in the last quarter. Institutional investors own 68.55% of the company’s stock.
A number of research analysts have commented on DCOM shares. Barclays upped their price target on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price target on shares of Dime Community Bancshares in a research note on Thursday, August 31st. Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.17.
Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $42.74 million for the quarter. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. analysts anticipate that Dime Community Bancshares, Inc. will post 1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, November 3rd. Dime Community Bancshares’s payout ratio is currently 56.00%.
In other news, insider Timothy B. King sold 5,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by company insiders.
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Dime Community Bancshares 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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