Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 4.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,000 shares of the savings and loans company’s stock after purchasing an additional 2,000 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Dime Community Bancshares worth $938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Dime Community Bancshares by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 290,838 shares of the savings and loans company’s stock valued at $7,832,000 after buying an additional 17,446 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dime Community Bancshares by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,146,521 shares of the savings and loans company’s stock valued at $57,807,000 after acquiring an additional 43,679 shares during the period. BHZ Capital Management LP lifted its position in shares of Dime Community Bancshares by 28.7% in the 4th quarter. BHZ Capital Management LP now owns 83,338 shares of the savings and loans company’s stock valued at $2,244,000 after acquiring an additional 18,592 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Dime Community Bancshares in the 4th quarter worth approximately $3,016,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Dime Community Bancshares by 24.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,837 shares of the savings and loans company’s stock worth $247,000 after purchasing an additional 2,523 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Trading Down 2.8 %

NASDAQ DCOM opened at $29.06 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. Dime Community Bancshares, Inc. has a 1-year low of $17.29 and a 1-year high of $30.12. The firm’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $20.90. The company has a market capitalization of $1.13 billion, a PE ratio of 16.33 and a beta of 1.00.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $171.23 million for 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 period in the prior year, the firm posted $0.68 EPS. As a group, sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on DCOM. Keefe, Bruyette & Woods increased their target price on Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. StockNews.com downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James raised Dime Community Bancshares from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $29.00 to $35.00 in a research note on Tuesday. Finally, Piper Sandler downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating and upped their target price for the company from $23.00 to $26.00 in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.25.

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.