Deutsche Bank AG Raises Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Deutsche Bank AG lifted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,463 shares of the savings and loans company's stock after buying an additional 9,999 shares during the period. Deutsche Bank AG owned approximately 0.08% of Dime Community Bancshares worth $998,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC raised its holdings in 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 during the period. Sterling Capital Management LLC lifted its holdings in Dime Community Bancshares by 861.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after buying an additional 1,017 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock worth $55,000 after buying an additional 654 shares during the last quarter. KBC Group NV boosted its stake in Dime Community Bancshares by 50.8% in the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after purchasing an additional 909 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in Dime Community Bancshares in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Stock Performance

NASDAQ DCOM traded down $0.03 on Friday, hitting $25.71. 159,862 shares of the company's stock traded hands, compared to its average volume of 268,722. 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 1-year low of $17.49 and a 1-year high of $37.60. The firm's 50-day moving average price is $26.07 and its two-hundred day moving average price is $29.79. The firm has a market capitalization of $1.13 billion, a PE ratio of 43.58 and a beta of 1.09.

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, beating the consensus estimate of $0.55 by $0.02. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. The business had revenue of $103.83 million during the quarter, compared to analysts' expectations of $105.83 million. During the same period in the previous year, the business posted $0.38 EPS. As a group, analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.3438 per share. This represents a $1.38 annualized dividend and a yield of 5.35%. This is a boost from Dime Community Bancshares's previous quarterly dividend of $0.25. Dime Community Bancshares's payout ratio is presently 158.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DCOM shares. Stephens lowered their target price on shares of 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 upgraded shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $36.88.

Dime Community Bancshares Company Profile

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.