BNP Paribas Financial Markets Takes Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

BNP Paribas Financial Markets purchased a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 36,386 shares of the savings and loans company's stock, valued at approximately $1,118,000. BNP Paribas Financial Markets owned about 0.09% of Dime Community Bancshares at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DCOM. Wellington Management Group LLP bought a new stake in shares of Dime Community Bancshares in the 4th quarter valued at approximately $39,073,000. Penn Capital Management Company LLC bought a new stake in shares of Dime Community Bancshares in the 4th quarter valued at approximately $10,068,000. Stieven Capital Advisors L.P. increased its holdings in shares of Dime Community Bancshares by 86.3% in the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company's stock valued at $19,060,000 after acquiring an additional 287,195 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dime Community Bancshares by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock valued at $84,202,000 after acquiring an additional 256,466 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Dime Community Bancshares by 13.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company's stock valued at $61,999,000 after acquiring an additional 233,417 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Stock Performance

DCOM traded up $0.06 during trading on Monday, reaching $25.29. 157,371 shares of the company were exchanged, compared to its average volume of 268,190. The stock has a market cap of $1.11 billion, a P/E ratio of 42.87 and a beta of 1.09. The firm has a 50 day moving average of $26.28 and a 200 day moving average of $29.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. During the same period in the prior year, the business earned $0.38 EPS. On average, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.3438 per share. This represents a $1.38 dividend on an annualized basis and a yield of 5.44%. This is a positive change from Dime Community Bancshares's previous quarterly dividend of $0.25. Dime Community Bancshares's payout ratio is 158.73%.

Wall Street Analysts Forecast Growth

DCOM has been the subject of a number of research analyst reports. Stephens lowered their price target on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen upgraded Dime Community Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $36.88.

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.