Vontobel Holding Ltd. Purchases Shares of 8,148 Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Vontobel Holding Ltd. acquired a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,148 shares of the savings and loans company’s stock, valued at approximately $235,000.

A number of other large investors have also recently made changes to their positions in DCOM. Foundry Partners LLC boosted its holdings in Dime Community Bancshares by 31.0% in the 1st quarter. Foundry Partners LLC now owns 205,409 shares of the savings and loans company’s stock worth $3,956,000 after buying an additional 48,619 shares during the period. Boston Partners boosted its stake in shares of Dime Community Bancshares by 4.8% in 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 during the period. First Eagle Investment Management LLC grew its position in shares of Dime Community Bancshares by 21.3% during 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 in the last quarter. Renaissance Technologies LLC raised its stake in Dime Community Bancshares by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company’s stock valued at $4,317,000 after purchasing an additional 24,000 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Dime Community Bancshares by 13.9% in the 2nd 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 in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock opened at $30.14 on Thursday. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $31.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average is $27.01 and its 200 day moving average is $22.58. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 16.93 and a beta of 1.00.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The business had revenue of $171.87 million for the quarter, compared to analysts’ expectations of $86.65 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same quarter in the prior year, the company posted $0.56 earnings per share. Sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.61 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, October 17th. Dime Community Bancshares’s payout ratio is 56.18%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCOM. Keefe, Bruyette & Woods increased their price objective on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Sandler downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Tuesday, July 23rd. Raymond James increased their price objective on shares of 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dime Community Bancshares presently has an average rating of “Moderate Buy” and an average target price of $29.50.

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.