Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Holdings Decreased by Banc Funds Co. LLC

Banc Funds Co. LLC decreased its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,073 shares of the savings and loans company’s stock after selling 60,188 shares during the period. Banc Funds Co. LLC’s holdings in Dime Community Bancshares were worth $2,191,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DCOM. Royce & Associates LP lifted its holdings in Dime Community Bancshares by 47.4% during the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after buying an additional 162,004 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Dime Community Bancshares by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company’s stock valued at $4,317,000 after acquiring an additional 24,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Dime Community Bancshares by 13.9% during the second quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock worth $12,959,000 after purchasing an additional 77,284 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Dime Community Bancshares by 33.9% in the second quarter. First Eagle Investment Management LLC now owns 488,554 shares of the savings and loans company’s stock worth $9,967,000 after purchasing an additional 123,800 shares during the period. Finally, Foundry Partners LLC increased its stake in Dime Community Bancshares by 19.3% during the third quarter. Foundry Partners LLC now owns 242,027 shares of the savings and loans company’s stock valued at $6,970,000 after purchasing an additional 39,190 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L bought 29,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the transaction, the director now directly owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM opened at $35.88 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $31.26 and its two-hundred day moving average is $25.32. The firm has a market capitalization of $1.40 billion, a P/E ratio of 23.92 and a beta of 0.99. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The business had revenue of $171.87 million for the quarter, compared to the consensus estimate of $86.65 million. During the same period in the previous year, the firm earned $0.56 EPS. Analysts anticipate that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The business 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 of this dividend was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. Dime Community Bancshares’s dividend payout ratio is presently 66.67%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DCOM. Raymond James raised their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $30.00 to $39.00 in a report on Monday, November 18th. Finally, StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

Dime Community Bancshares Company Profile

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.