Boston Partners Has $13.33 Million Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Boston Partners increased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 693,457 shares of the savings and loans company’s stock after buying an additional 31,853 shares during the quarter. Boston Partners owned 1.78% of Dime Community Bancshares worth $13,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AJOVista LLC acquired a new position in Dime Community Bancshares in the 4th quarter valued at approximately $82,000. GAMMA Investing LLC bought a new position in Dime Community Bancshares during the 4th quarter worth $92,000. EMC Capital Management lifted its holdings in Dime Community Bancshares by 42.2% during the 1st quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after buying an additional 2,924 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Dime Community Bancshares in the 1st quarter valued at about $243,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Dime Community Bancshares by 24.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,837 shares of the savings and loans company’s stock valued at $247,000 after buying an additional 2,523 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Trading Down 2.5 %

Shares of DCOM stock traded down $0.60 during trading hours on Friday, hitting $23.04. 386,002 shares of the company were exchanged, compared to its average volume of 269,797. The company has a 50 day simple moving average of $20.63 and a two-hundred day simple moving average of $20.02. The firm has a market cap of $897.87 million, a P/E ratio of 12.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $27.91.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $171.23 million during the quarter, compared to the consensus estimate of $82.19 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities analysts anticipate that Dime Community Bancshares, Inc. will post 1.62 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 17th were issued a $0.25 dividend. The ex-dividend date was Wednesday, July 17th. This represents a $1.00 annualized dividend and a yield of 4.34%. Dime Community Bancshares’s payout ratio is currently 56.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DCOM shares. StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Piper Sandler cut shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

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.