Two Sigma Investments LP Has $1.95 Million Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Two Sigma Investments LP cut its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,561 shares of the savings and loans company's stock after selling 22,485 shares during the quarter. Two Sigma Investments LP owned 0.16% of Dime Community Bancshares worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in Dime Community Bancshares by 19.5% during the 4th quarter. Northern Trust Corp now owns 428,321 shares of the savings and loans company's stock worth $13,164,000 after acquiring an additional 69,856 shares during the last quarter. Franklin Resources Inc. bought a new stake in Dime Community Bancshares during the 4th quarter worth approximately $480,000. Barclays PLC grew its holdings in Dime Community Bancshares by 91.0% during the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock worth $2,181,000 after acquiring an additional 36,076 shares during the last quarter. Swiss National Bank grew its holdings in Dime Community Bancshares by 18.4% during the 4th quarter. Swiss National Bank now owns 81,602 shares of the savings and loans company's stock worth $2,508,000 after acquiring an additional 12,700 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Dime Community Bancshares by 50.1% during the 4th quarter. Alliancebernstein L.P. now owns 56,472 shares of the savings and loans company's stock worth $1,736,000 after acquiring an additional 18,852 shares during the last quarter. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares Trading Up 0.2%

Shares of NASDAQ:DCOM traded up $0.05 during trading on Thursday, reaching $25.82. The stock had a trading volume of 195,907 shares, compared to its average volume of 269,812. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 43.76 and a beta of 1.09. Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 week high of $37.60. The firm's fifty day moving average is $25.94 and its 200 day moving average is $29.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (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 analyst estimates 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 period in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a dividend of $0.3438 per share. This is a positive change 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%.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total transaction of $51,160.00. Following the transaction, the director now owns 35,392 shares in the company, valued at approximately $905,327.36. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is owned by insiders.

Analyst Ratings Changes

DCOM has been the topic of a number of analyst reports. Wall Street Zen raised 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 shares of 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. 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 stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $36.88.

Dime Community Bancshares 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.