SG Americas Securities LLC Boosts Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

SG Americas Securities LLC increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 314.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,023 shares of the savings and loans company's stock after buying an additional 12,156 shares during the quarter. SG Americas Securities LLC's holdings in Dime Community Bancshares were worth $447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in Dime Community Bancshares by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of 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 valued at $35,000 after buying an additional 1,017 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Dime Community Bancshares by 58.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock valued at $55,000 after buying an additional 654 shares during the last quarter. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 14.0% during the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after acquiring an additional 483 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Dime Community Bancshares in the 4th quarter valued at $219,000. Institutional investors own 75.27% of the company's stock.

Analysts Set New Price Targets

DCOM has been the subject of several research analyst reports. 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. Stephens reduced their price objective 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. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $36.88.

Dime Community Bancshares Stock Performance

Shares of NASDAQ DCOM traded up $0.47 during mid-day trading on Friday, hitting $27.29. The company had a trading volume of 707,487 shares, compared to its average volume of 289,642. The stock's 50-day moving average price is $26.27 and its 200-day moving average price is $28.65. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 43.32 and a beta of 1.07. 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 1 year low of $19.37 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the business posted $0.38 earnings per share. On average, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, July 17th. Dime Community Bancshares's dividend payout ratio is currently 158.73%.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 2,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is currently owned by company 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.