Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Bought by Salzhauer Michael

Salzhauer Michael boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 17.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 72,367 shares of the savings and loans company's stock after purchasing an additional 10,533 shares during the period. Dime Community Bancshares makes up approximately 0.8% of Salzhauer Michael's portfolio, making the stock its 21st biggest holding. Salzhauer Michael owned 0.17% of Dime Community Bancshares worth $2,018,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in shares of Dime Community Bancshares by 6.6% in the 4th quarter. Rhumbline Advisers now owns 112,962 shares of the savings and loans company's stock valued at $3,472,000 after purchasing an additional 6,984 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Dime Community Bancshares in the fourth quarter worth about $1,854,000. Principal Financial Group Inc. raised its position in shares of Dime Community Bancshares by 14.5% in the fourth quarter. Principal Financial Group Inc. now owns 190,264 shares of the savings and loans company's stock worth $5,848,000 after acquiring an additional 24,145 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Dime Community Bancshares by 433.6% during the 4th quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company's stock worth $8,519,000 after acquiring an additional 225,227 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Dime Community Bancshares during the 4th quarter valued at about $279,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Trading Down 4.9%

Shares of Dime Community Bancshares stock opened at $25.81 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Dime Community Bancshares, Inc. has a twelve month low of $18.67 and a twelve month high of $37.60. The firm has a market capitalization of $1.13 billion, a PE ratio of 40.97 and a beta of 1.07. The firm's 50-day moving average price is $26.23 and its 200 day moving average price is $28.71.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The business had revenue of $103.83 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a $0.3438 dividend. This is an increase from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 annualized dividend and a yield of 5.33%. Dime Community Bancshares's dividend payout ratio is currently 158.73%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DCOM. Stephens reduced 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 raised 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $36.88.

Insider Buying and Selling at Dime Community Bancshares

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

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.

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