Dimensional Fund Advisors LP Grows Holdings in Dime Community Bancshares, Inc. $DCOM

Dimensional Fund Advisors LP increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.0% during the 1st quarter, Holdings Channel reports. The firm owned 2,353,786 shares of the savings and loans company’s stock after purchasing an additional 23,035 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Dime Community Bancshares worth $79,602,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DCOM. Hilton Head Capital Partners LLC bought a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $28,000. Larson Financial Group LLC boosted its stake in shares of Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Dime Community Bancshares by 326.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after acquiring an additional 4,446 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Dime Community Bancshares in the third quarter valued at approximately $169,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Dime Community Bancshares during the first quarter valued at approximately $202,000. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares Stock Performance

Shares of DCOM stock opened at $40.83 on Friday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 17.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares, Inc. has a 52 week low of $25.63 and a 52 week high of $41.62. The firm’s 50-day simple moving average is $39.25 and its two-hundred day simple moving average is $36.03.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares’s payout ratio is 36.10%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DCOM. Keefe, Bruyette & Woods lifted their price target on Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. DA Davidson upped their price objective on Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dime Community Bancshares currently has an average rating of “Moderate Buy” and an average price target of $39.75.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,650 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $37.09, for a total value of $61,198.50. Following the completion of the sale, the director directly owned 35,607 shares of the company’s stock, valued at $1,320,663.63. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Basswood Capital Management, L sold 32,751 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $39.02, for a total value of $1,277,944.02. Following the completion of the sale, the director owned 6,785 shares in the company, valued at approximately $264,750.70. The trade was a 82.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 78,803 shares of company stock worth $3,101,749. 7.40% of the stock is owned by company insiders.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.