SG Americas Securities LLC Has $243,000 Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

SG Americas Securities LLC lowered its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 57.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,432 shares of the savings and loans company’s stock after selling 11,173 shares during the period. SG Americas Securities LLC’s holdings in Dime Community Bancshares were worth $243,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Dime Community Bancshares by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,479,855 shares of the savings and loans company’s stock valued at $47,762,000 after acquiring an additional 19,999 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dime Community Bancshares by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,173,003 shares of the savings and loans company’s stock valued at $44,328,000 after acquiring an additional 13,650 shares during the last quarter. Boston Partners lifted its stake in shares of Dime Community Bancshares by 4.8% in the 1st quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock valued at $13,334,000 after acquiring an additional 31,853 shares during the last quarter. American Century Companies Inc. raised its position in Dime Community Bancshares by 13.9% during the 2nd quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock valued at $12,959,000 after purchasing an additional 77,284 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in 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 purchasing an additional 123,800 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Trading Down 4.7 %

Shares of Dime Community Bancshares stock opened at $29.21 on Tuesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 16.41 and a beta of 1.00. The business has a 50-day moving average price of $26.71 and a 200-day moving average price of $22.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79. Dime Community Bancshares, Inc. has a twelve month low of $17.29 and a twelve month high of $31.75.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $171.23 million during the quarter, compared to analyst estimates of $82.19 million. Dime Community Bancshares had a return on equity of 6.58% and a net margin of 9.98%. During the same quarter last year, the business posted $0.68 earnings per share. Equities research analysts anticipate that Dime Community Bancshares, Inc. will post 1.61 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. Dime Community Bancshares’s payout ratio is 56.18%.

Wall Street Analyst Weigh In

DCOM has been the topic of a number of research analyst reports. Piper Sandler downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $23.00 to $26.00 in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their price target on Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Raymond James increased their price target on 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 cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Dime Community Bancshares 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.