Victory Capital Management Inc. Acquires 7,276 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Victory Capital Management Inc. boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,276 shares of the savings and loans company’s stock after purchasing an additional 7,276 shares during the period. Victory Capital Management Inc. owned about 0.14% of Dime Community Bancshares worth $1,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Dime Community Bancshares by 0.4% during the second quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock valued at $2,230,000 after buying an additional 428 shares during the period. GAMMA Investing LLC boosted its position in Dime Community Bancshares by 30.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 685 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after acquiring an additional 1,500 shares during the period. Kimelman & Baird LLC bought a new position in shares of Dime Community Bancshares in the 2nd quarter worth approximately $56,000. Finally, EMC Capital Management lifted its stake in shares of Dime Community Bancshares by 42.2% in the 1st quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock valued at $190,000 after purchasing an additional 2,924 shares during the period. Institutional investors own 75.27% of the company’s stock.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 29,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average price of $32.00 per share, with a total value of $928,000.00. Following the transaction, the director now directly owns 1,044,221 shares in the company, valued at approximately $33,415,072. The trade was a 2.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DCOM shares. StockNews.com downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Raymond James lifted their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Dime Community Bancshares Stock Up 0.1 %

NASDAQ:DCOM opened at $36.36 on Tuesday. The firm has a 50-day simple moving average of $30.71 and a two-hundred day simple moving average of $24.86. The firm has a market cap of $1.42 billion, a P/E ratio of 24.24 and a beta of 0.99. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The business had revenue of $171.87 million during the quarter, compared to analysts’ expectations of $86.65 million. During the same quarter in the prior year, the firm earned $0.56 EPS. Analysts predict that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 66.67%.

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.