Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stake Raised by Royce & Associates LP

Royce & Associates LP boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 47.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,653 shares of the savings and loans company’s stock after acquiring an additional 162,004 shares during the quarter. Royce & Associates LP owned 1.29% of Dime Community Bancshares worth $14,505,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of Dime Community Bancshares by 15.8% during the third quarter. Victory Capital Management Inc. now owns 53,276 shares of the savings and loans company’s stock worth $1,534,000 after purchasing an additional 7,276 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock valued at $182,000 after buying an additional 1,500 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of Dime Community Bancshares during the 3rd quarter valued at $235,000. Creative Planning acquired a new position in shares of Dime Community Bancshares in the third quarter worth $243,000. Finally, GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 30.4% during the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after acquiring an additional 685 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DCOM shares. Piper Sandler lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Tuesday, July 23rd. Raymond James upped their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Keefe, Bruyette & Woods upped their price target on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Dime Community Bancshares Stock Down 0.4 %

Shares of DCOM stock opened at $33.70 on Friday. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $35.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.32 billion, a PE ratio of 22.47 and a beta of 0.99. The stock has a 50 day moving average of $29.47 and a 200-day moving average of $24.12.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The company had revenue of $171.87 million for the quarter, compared to the consensus estimate of $86.65 million. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, equities analysts predict that Dime Community Bancshares, Inc. will post 1.48 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.97%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 66.67%.

Insiders Place Their Bets

In related news, Director Basswood Capital Management, L purchased 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $32.00 per share, with a total value of $928,000.00. Following the purchase, the director now directly owns 1,044,221 shares in the company, valued at $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 9.10% of the company’s stock.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.