Intech Investment Management LLC Makes New $478,000 Investment in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Intech Investment Management LLC acquired a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,603 shares of the savings and loans company’s stock, valued at approximately $478,000.

Several other large investors have also bought and sold shares of DCOM. Royce & Associates LP grew its holdings in Dime Community Bancshares by 47.4% in the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after purchasing an additional 162,004 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Dime Community Bancshares by 12.8% in the 2nd quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company’s stock worth $4,317,000 after buying an additional 24,000 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Dime Community Bancshares by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock worth $12,959,000 after purchasing an additional 77,284 shares during the period. First Eagle Investment Management LLC grew its position in shares of Dime Community Bancshares by 33.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 488,554 shares of the savings and loans company’s stock valued at $9,967,000 after acquiring an additional 123,800 shares during the period. Finally, Stieven Capital Advisors L.P. lifted its position in shares of Dime Community Bancshares by 11.6% during the 3rd quarter. Stieven Capital Advisors L.P. now owns 332,960 shares of the savings and loans company’s stock valued at $9,589,000 after buying an additional 34,615 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DCOM shares. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Raymond James raised their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.40.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L acquired 29,000 shares of Dime Community Bancshares stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the transaction, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. The trade was a 2.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.10% of the company’s stock.

Dime Community Bancshares Trading Down 0.1 %

DCOM opened at $35.88 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 23.92 and a beta of 0.99. The stock has a fifty day moving average price of $31.26 and a 200-day moving average price of $25.32. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The company had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. During the same quarter last year, the business earned $0.56 earnings per share. As a group, equities research analysts anticipate that Dime Community Bancshares, Inc. will post 1.49 earnings per share 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. Stockholders of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. Dime Community Bancshares’s payout ratio is 66.67%.

About Dime Community Bancshares

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.