TIAA CREF Investment Management LLC Sells 5,837 Shares of Dime Community Bancshares, Inc. (DCOM)

TIAA CREF Investment Management LLC lessened its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,636 shares of the savings and loans company’s stock after selling 5,837 shares during the period. TIAA CREF Investment Management LLC’s holdings in Dime Community Bancshares were worth $1,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Dime Community Bancshares by 31.1% during the 2nd quarter. Bank of America Corp DE now owns 84,757 shares of the savings and loans company’s stock worth $1,653,000 after purchasing an additional 20,119 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Dime Community Bancshares by 3.7% during the 2nd quarter. California Public Employees Retirement System now owns 139,367 shares of the savings and loans company’s stock worth $2,718,000 after purchasing an additional 4,968 shares during the last quarter. Schroder Investment Management Group increased its position 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 worth $462,000 after purchasing an additional 3,624 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Dime Community Bancshares by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,575 shares of the savings and loans company’s stock worth $8,709,000 after purchasing an additional 4,012 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Dime Community Bancshares by 1.1% during the 2nd quarter. Northern Trust Corp now owns 1,364,775 shares of the savings and loans company’s stock worth $26,613,000 after purchasing an additional 15,103 shares during the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

Several research analysts have recently commented on the company. BidaskClub upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research downgraded Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research note on Friday, November 2nd. Sandler O’Neill downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research note on Wednesday, February 13th. Finally, Barclays reduced their target price on Dime Community Bancshares from $18.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.88.

DCOM opened at $20.50 on Thursday. The firm has a market capitalization of $739.11 million, a P/E ratio of 15.09 and a beta of 0.81. Dime Community Bancshares, Inc. has a 1 year low of $15.48 and a 1 year high of $20.85. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.06.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, January 24th. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $38.97 million during the quarter, compared to the consensus estimate of $37.20 million. Dime Community Bancshares had a return on equity of 8.22% and a net margin of 22.18%. On average, research analysts expect that Dime Community Bancshares, Inc. will post 1.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Wednesday, February 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.56 annualized dividend and a yield of 2.73%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 41.48%.

In related news, EVP Timothy Lenhoff sold 3,676 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $18.07, for a total value of $66,425.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2019/02/21/tiaa-cref-investment-management-llc-sells-5837-shares-of-dime-community-bancshares-inc-dcom.html.

Dime Community Bancshares Company 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.

Recommended Story: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding DCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dime Community Bancshares, Inc. (NASDAQ:DCOM).

Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit