Barclays PLC Purchases 36,076 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Barclays PLC grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 91.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,732 shares of the savings and loans company’s stock after acquiring an additional 36,076 shares during the period. Barclays PLC owned 0.19% of Dime Community Bancshares worth $2,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers raised its position in Dime Community Bancshares by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock valued at $2,230,000 after purchasing an additional 428 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Dime Community Bancshares by 9.4% in the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 465 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after buying an additional 685 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in 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 buying an additional 1,500 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Dime Community Bancshares by 4.5% during the 2nd quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company’s stock worth $938,000 after acquiring an additional 2,000 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Price Performance

DCOM opened at $31.28 on Thursday. The company has a fifty day moving average price of $33.23 and a two-hundred day moving average price of $27.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $1.22 billion, a PE ratio of 20.85 and a beta of 1.03. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $37.60.

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

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, January 17th. Dime Community Bancshares’s payout ratio is 66.67%.

Insider Activity at Dime Community Bancshares

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 shares were acquired at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the acquisition, the director now directly owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Michael Fegan sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the completion of the transaction, the chief technology officer now owns 20,155 shares of the company’s stock, valued at $720,742.80. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of research analyst reports. Raymond James boosted their target price on shares of 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 upped their price objective for the stock from $30.00 to $39.00 in a report on Monday, November 18th. StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Finally, Keefe, Bruyette & Woods upped their price target on Dime Community Bancshares from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

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.