Emerald Mutual Fund Advisers Trust Takes $97,000 Position in Dime Community Bancshares, Inc. $DCOM

Emerald Mutual Fund Advisers Trust bought a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the second quarter, Holdings Channel reports. The institutional investor bought 3,610 shares of the savings and loans company’s stock, valued at approximately $97,000.

Several other large investors have also made changes to their positions in DCOM. Hughes Financial Services LLC bought a new stake in shares of Dime Community Bancshares in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC grew its position in Dime Community Bancshares by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 483 shares in the last quarter. CWM LLC grew its position in Dime Community Bancshares by 250.1% in the first quarter. CWM LLC now owns 6,035 shares of the savings and loans company’s stock worth $168,000 after acquiring an additional 4,311 shares in the last quarter. AlphaQuest LLC bought a new stake in Dime Community Bancshares in the second quarter worth approximately $235,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Dime Community Bancshares by 53.4% in the second quarter. Nisa Investment Advisors LLC now owns 9,671 shares of the savings and loans company’s stock worth $261,000 after purchasing an additional 3,366 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Price Performance

Shares of DCOM stock opened at $26.34 on Friday. The stock has a 50 day moving average of $29.84 and a two-hundred day moving average of $28.04. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $37.60. The company has a market capitalization of $1.16 billion, a P/E ratio of 23.11 and a beta of 1.10.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The business had revenue of $103.40 million for the quarter, compared to the consensus estimate of $112.75 million. Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.During the same period in the previous year, the business posted $0.29 earnings per share. As a group, equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 17th were given a $0.25 dividend. The ex-dividend date was Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 3.8%. Dime Community Bancshares’s payout ratio is presently 87.72%.

Analyst Upgrades and Downgrades

DCOM has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research downgraded Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. DA Davidson started coverage on Dime Community Bancshares in a research report on Monday. They set a “buy” rating and a $36.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.13.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 1,000 shares of Dime Community Bancshares stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.92, for a total value of $30,920.00. Following the completion of the transaction, the director directly owned 38,185 shares of the company’s stock, valued at $1,180,680.20. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Basswood Capital Management, L sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $272,970.00. Following the completion of the transaction, the director directly owned 1,034,158 shares of the company’s stock, valued at approximately $31,366,012.14. This represents a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.10% of the company’s stock.

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.