Brown Advisory Inc. Has $27.82 Million Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Brown Advisory Inc. trimmed its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 997,980 shares of the savings and loans company's stock after selling 15,695 shares during the quarter. Brown Advisory Inc. owned approximately 2.29% of Dime Community Bancshares worth $27,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its position in Dime Community Bancshares by 12.5% in the fourth quarter. Bank of New York Mellon Corp now owns 421,392 shares of the savings and loans company's stock worth $12,951,000 after acquiring an additional 46,903 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dime Community Bancshares by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,833 shares of the savings and loans company's stock worth $10,783,000 after buying an additional 34,222 shares during the period. Victory Capital Management Inc. raised its holdings in Dime Community Bancshares by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 55,076 shares of the savings and loans company's stock worth $1,693,000 after buying an additional 1,800 shares during the period. Proficio Capital Partners LLC acquired a new stake in Dime Community Bancshares during the 4th quarter worth about $1,635,000. Finally, Arizona State Retirement System grew its stake in Dime Community Bancshares by 19.0% during the 4th quarter. Arizona State Retirement System now owns 12,018 shares of the savings and loans company's stock valued at $369,000 after acquiring an additional 1,918 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM traded down $0.38 during midday trading on Friday, reaching $28.69. The company's stock had a trading volume of 320,336 shares, compared to its average volume of 277,451. Dime Community Bancshares, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $37.60. The company has a market capitalization of $1.26 billion, a P/E ratio of 45.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The business's fifty day simple moving average is $26.82 and its 200-day simple moving average is $28.26.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced 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 analyst estimates of $105.83 million. Dime Community Bancshares had a return on equity of 6.05% and a net margin of 5.08%. During the same period last year, the company earned $0.38 earnings per share. As a group, equities research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, July 17th. Dime Community Bancshares's dividend payout ratio (DPR) is currently 158.73%.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $25.58, for a total transaction of $51,160.00. Following the transaction, the director owned 35,392 shares in the company, valued at approximately $905,327.36. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DCOM. 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 research note on Wednesday, April 23rd. Wall Street Zen raised Dime Community Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has an average rating of "Buy" and an average price target 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.