CSM Advisors LLC Purchases Shares of 233,800 Dime Community Bancshares, Inc. $DCOM

CSM Advisors LLC acquired a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 233,800 shares of the savings and loans company’s stock, valued at approximately $6,302,000. CSM Advisors LLC owned approximately 0.53% of Dime Community Bancshares at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Dime Community Bancshares by 2.8% during the first quarter. Principal Financial Group Inc. now owns 195,530 shares of the savings and loans company’s stock worth $5,451,000 after purchasing an additional 5,266 shares during the period. New York State Common Retirement Fund grew its position in shares of Dime Community Bancshares by 9.5% during the 1st quarter. New York State Common Retirement Fund now owns 303,469 shares of the savings and loans company’s stock worth $8,461,000 after buying an additional 26,301 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Dime Community Bancshares during the 1st quarter worth approximately $37,000. CWM LLC increased its stake in shares of Dime Community Bancshares by 250.1% in the 1st quarter. CWM LLC now owns 6,035 shares of the savings and loans company’s stock valued at $168,000 after acquiring an additional 4,311 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of Dime Community Bancshares during the 1st quarter valued at $488,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on DCOM shares. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, October 8th. Zacks Research cut shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. DA Davidson started coverage on Dime Community Bancshares in a research note on Monday, October 27th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dime Community Bancshares has an average rating of “Moderate Buy” and a consensus price target of $35.13.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 20,537 shares of Dime Community Bancshares stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $26.26 per share, with a total value of $539,301.62. Following the completion of the acquisition, the director directly owned 1,034,158 shares in the company, valued at approximately $27,156,989.08. The trade was a 2.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 2,200 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $26.29, for a total value of $57,838.00. Following the sale, the director directly owned 33,985 shares of the company’s stock, valued at $893,465.65. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,200 shares of company stock worth $414,948 in the last 90 days. Company insiders own 7.10% of the company’s stock.

Dime Community Bancshares Trading Up 2.2%

NASDAQ DCOM opened at $26.97 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $29.35 and a 200 day simple moving average of $28.13. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $37.60. The firm has a market capitalization of $1.18 billion, a P/E ratio of 23.66 and a beta of 1.15.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.06). Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.The firm had revenue of $103.40 million during the quarter, compared to the consensus estimate of $112.75 million. During the same quarter in the previous year, the company earned $0.29 EPS. On average, analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 87.72%.

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.