Thrivent Financial for Lutherans Sells 42,925 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Thrivent Financial for Lutherans trimmed its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 42.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,254 shares of the savings and loans company’s stock after selling 42,925 shares during the period. Thrivent Financial for Lutherans owned 0.15% of Dime Community Bancshares worth $1,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 19,999 shares during the period. Dimensional Fund Advisors LP lifted its position in Dime Community Bancshares by 0.6% during 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 period. Boston Partners boosted its stake in Dime Community Bancshares by 4.8% during the first quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock worth $13,334,000 after acquiring an additional 31,853 shares in the last quarter. American Century Companies Inc. grew its holdings in Dime Community Bancshares by 13.9% in the second 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. Finally, Royce & Associates LP increased its stake in shares of Dime Community Bancshares by 47.4% during the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock valued at $14,505,000 after purchasing an additional 162,004 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Trading Down 0.1 %

Shares of NASDAQ:DCOM opened at $35.88 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. Dime Community Bancshares, Inc. has a 1 year low of $17.29 and a 1 year high of $37.60. The company has a market cap of $1.40 billion, a P/E ratio of 23.92 and a beta of 0.99. The stock’s fifty day moving average price is $31.26 and its 200-day moving average price is $25.24.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results 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). The business had revenue of $171.87 million during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.56 EPS. Sell-side analysts expect that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

DCOM has been the topic of several recent research reports. Raymond James upped their price target on 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. Stephens raised 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 report on Monday, November 18th. Finally, StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Insiders Place Their Bets

In other news, Director Basswood Capital Management, L bought 29,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price 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. The trade was a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.10% of the stock is currently owned by insiders.

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.