UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,761 shares of the savings and loans company's stock after purchasing an additional 20,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Dime Community Bancshares worth $2,144,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Dime Community Bancshares during the fourth quarter worth $39,073,000. Penn Capital Management Company LLC purchased a new stake in shares of Dime Community Bancshares in the fourth quarter worth $10,068,000. Stieven Capital Advisors L.P. raised its position in shares of Dime Community Bancshares by 86.3% in the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company's stock worth $19,060,000 after buying an additional 287,195 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dime Community Bancshares by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock worth $84,202,000 after buying an additional 256,466 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Dime Community Bancshares by 13.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company's stock valued at $61,999,000 after acquiring an additional 233,417 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock traded up $1.13 during mid-day trading on Friday, hitting $26.95. The stock had a trading volume of 267,947 shares, compared to its average volume of 270,449. The firm has a market capitalization of $1.18 billion, a P/E ratio of 45.68 and a beta of 1.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average is $25.88 and its 200 day moving average is $29.54. Dime Community Bancshares, Inc. has a one year low of $17.49 and a one year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $103.83 million for the quarter, compared to analysts' expectations of $105.83 million. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. During the same quarter in the previous year, the company earned $0.38 EPS. On average, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a $0.3438 dividend. This represents a $1.38 annualized dividend and a yield of 5.10%. 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 research analysts recently commented on DCOM shares. Stephens reduced their target price on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock 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 report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Dime Community Bancshares has an average rating of "Buy" and a consensus target price of $36.88.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the sale, the director now owns 35,392 shares in the company, valued at $905,327.36. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.