Quest Partners LLC Increases Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Quest Partners LLC increased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,397 shares of the savings and loans company’s stock after buying an additional 465 shares during the period. Quest Partners LLC’s holdings in Dime Community Bancshares were worth $155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dime Community Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,479,855 shares of the savings and loans company’s stock worth $47,762,000 after purchasing an additional 19,999 shares during the period. Boston Partners grew its holdings in Dime Community Bancshares by 4.8% during the 1st quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock valued at $13,334,000 after buying an additional 31,853 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dime Community Bancshares during the 2nd quarter valued at approximately $400,000. Hennion & Walsh Asset Management Inc. raised its stake in Dime Community Bancshares by 46.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 18,788 shares of the savings and loans company’s stock valued at $383,000 after purchasing an additional 5,951 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased 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 worth $98,000 after buying an additional 4,000 shares during the last quarter. 75.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Dime Community Bancshares Trading Down 0.3 %

DCOM opened at $35.90 on Friday. The stock has a fifty day moving average price of $31.12 and a 200-day moving average price of $25.13. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $37.60. 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 $1.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.99.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share 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 business had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. During the same period in the previous year, the business earned $0.56 EPS. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors 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 yield of 2.79%. Dime Community Bancshares’s dividend payout ratio (DPR) is 66.67%.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 29,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $32.00 per share, with a total value of $928,000.00. Following the completion of the acquisition, the director now owns 1,044,221 shares in the company, valued at $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.10% 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.