Louisiana State Employees Retirement System Lowers Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Louisiana State Employees Retirement System trimmed its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the savings and loans company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Dime Community Bancshares were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DCOM. Kimelman & Baird LLC purchased a new stake in Dime Community Bancshares in the 2nd quarter valued at about $56,000. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after purchasing an additional 685 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Dime Community Bancshares by 496.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock valued at $98,000 after purchasing an additional 4,000 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at about $101,000. Finally, EMC Capital Management raised its holdings in shares of Dime Community Bancshares by 42.2% in the 1st quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock valued at $190,000 after purchasing an additional 2,924 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DCOM. Keefe, Bruyette & Woods boosted their price target 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. Piper Sandler lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $23.00 to $26.00 in a report on Tuesday, July 23rd. Raymond James boosted their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Dime Community Bancshares Trading Up 1.5 %

NASDAQ DCOM opened at $30.15 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.18 billion, a PE ratio of 20.10 and a beta of 0.99. The company has a 50 day moving average price of $28.16 and a 200 day moving average price of $23.36. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $31.80.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The firm had revenue of $171.87 million for the quarter, compared to the consensus estimate of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same quarter last year, the firm earned $0.56 EPS. As a group, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.5 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.32%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio is presently 66.67%.

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.