American Century Companies Inc. Boosts Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

American Century Companies Inc. boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 635,265 shares of the savings and loans company’s stock after purchasing an additional 77,284 shares during the period. American Century Companies Inc. owned approximately 1.63% of Dime Community Bancshares worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Foundry Partners LLC boosted its holdings in Dime Community Bancshares by 31.0% during the 1st quarter. Foundry Partners LLC now owns 205,409 shares of the savings and loans company’s stock valued at $3,956,000 after acquiring an additional 48,619 shares during the period. Boston Partners lifted its position in shares of 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 purchasing an additional 31,853 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Dime Community Bancshares by 21.3% in the first quarter. First Eagle Investment Management LLC now owns 364,754 shares of the savings and loans company’s stock worth $7,025,000 after purchasing an additional 64,100 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Dime Community Bancshares by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,146,521 shares of the savings and loans company’s stock worth $57,807,000 after purchasing an additional 43,679 shares during the last quarter. Finally, Stieven Capital Advisors L.P. increased its stake in Dime Community Bancshares by 22.2% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 298,345 shares of the savings and loans company’s stock worth $6,086,000 after buying an additional 54,193 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Stock Down 2.8 %

Shares of NASDAQ DCOM opened at $29.06 on Friday. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.33 and a beta of 1.00. 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 12-month low of $17.29 and a 12-month high of $30.12. The stock’s fifty day simple moving average is $24.56 and its two-hundred day simple moving average is $20.92.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $0.68 earnings per share. As a group, analysts expect that Dime Community Bancshares, Inc. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DCOM shares. Keefe, Bruyette & Woods boosted their price objective on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James upgraded Dime Community Bancshares from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $29.00 to $35.00 in a report on Tuesday, September 17th. Finally, Piper Sandler lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating and raised their price target for the company from $23.00 to $26.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.25.

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.