EMC Capital Management Cuts Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

EMC Capital Management trimmed its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) by 45.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,937 shares of the savings and loans company’s stock after selling 5,816 shares during the period. EMC Capital Management’s holdings in Dime Community Bancshares were worth $138,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its stake in Dime Community Bancshares by 1.6% during the second quarter. First Republic Investment Management Inc. now owns 20,845 shares of the savings and loans company’s stock worth $618,000 after purchasing an additional 332 shares in the last quarter. FMR LLC raised its stake in shares of Dime Community Bancshares by 10.1% in the second quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after acquiring an additional 357 shares in the last quarter. Saybrook Capital NC raised its stake in shares of Dime Community Bancshares by 1.4% in the second quarter. Saybrook Capital NC now owns 36,338 shares of the savings and loans company’s stock valued at $641,000 after acquiring an additional 500 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Dime Community Bancshares by 1.3% in the second quarter. California State Teachers Retirement System now owns 41,471 shares of the savings and loans company’s stock valued at $731,000 after acquiring an additional 538 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Dime Community Bancshares by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,524 shares of the savings and loans company’s stock valued at $185,000 after acquiring an additional 568 shares in the last quarter. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L purchased 27,068 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average price of $23.00 per share, for a total transaction of $622,564.00. Following the transaction, the director now directly owns 1,015,221 shares of the company’s stock, valued at approximately $23,350,083. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Raymond James increased their price objective on Dime Community Bancshares from $23.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th.

Read Our Latest Research Report on DCOM

Dime Community Bancshares Stock Up 1.6 %

DCOM opened at $19.71 on Tuesday. The business’s 50-day simple moving average is $24.48 and its 200-day simple moving average is $21.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.06 and a current ratio of 1.07. Dime Community Bancshares, Inc. has a one year low of $15.57 and a one year high of $32.16. The stock has a market capitalization of $765.14 million, a P/E ratio of 8.61 and a beta of 1.08.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last posted its earnings results on Friday, January 26th. The savings and loans company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Dime Community Bancshares had a return on equity of 9.85% and a net margin of 14.89%. The firm had revenue of $167.63 million for the quarter, compared to analyst estimates of $81.01 million. During the same quarter last year, the firm posted $0.99 EPS. Analysts anticipate that Dime Community Bancshares, Inc. will post 2.36 EPS for the current year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, January 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 43.67%.

Dime Community Bancshares Profile

(Free Report)

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

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

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