Brown Advisory Inc. Decreases Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

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

Several other large investors have also recently added to or reduced their stakes in DCOM. GAMMA Investing LLC boosted its stake in shares of Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after purchasing an additional 483 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Dime Community Bancshares by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Dime Community Bancshares by 1.6% during the fourth quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company's stock valued at $1,250,000 after acquiring an additional 643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Dime Community Bancshares by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company's stock valued at $620,000 after buying an additional 714 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Dime Community Bancshares by 11.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,386 shares of the savings and loans company's stock worth $258,000 after purchasing an additional 855 shares during the last quarter. Institutional investors own 75.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DCOM. Stephens dropped their price objective on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock 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 report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $36.88.

Dime Community Bancshares Trading Down 0.9%

Shares of NASDAQ:DCOM traded down $0.27 during trading on Friday, hitting $28.80. The company had a trading volume of 60,227 shares, compared to its average volume of 276,249. Dime Community Bancshares, Inc. has a one year low of $20.78 and a one year high of $37.60. 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 stock has a market cap of $1.26 billion, a price-to-earnings ratio of 45.72 and a beta of 1.07. The company has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $28.30.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $103.83 million for the quarter, compared to the consensus estimate 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 business posted $0.38 EPS. As a group, equities analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.00 annualized dividend and a yield of 3.47%. Dime Community Bancshares's payout ratio is presently 158.73%.

Insider Transactions at Dime Community Bancshares

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

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.