Voloridge Investment Management LLC Buys New Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Voloridge Investment Management LLC acquired a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,148 shares of the savings and loans company's stock, valued at approximately $927,000. Voloridge Investment Management LLC owned approximately 0.08% of Dime Community Bancshares as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Dime Community Bancshares by 10.3% in the 4th quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock worth $84,202,000 after purchasing an additional 256,466 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dime Community Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company's stock worth $70,671,000 after buying an additional 71,273 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of Dime Community Bancshares by 1.5% during the 4th quarter. Basswood Capital Management L.L.C. now owns 2,064,565 shares of the savings and loans company's stock worth $63,454,000 after acquiring an additional 30,202 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Dime Community Bancshares by 13.1% during the 4th 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 period. Finally, Wellington Management Group LLP purchased a new stake in Dime Community Bancshares in the fourth quarter worth $39,073,000. 75.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DCOM shares. Wall Street Zen upgraded shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Stephens lowered their price objective on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One research 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 MarketBeat, the company presently has an average rating of "Buy" and an average target price of $36.88.

Dime Community Bancshares Stock Down 0.1%

Shares of Dime Community Bancshares stock traded down $0.03 during trading on Friday, hitting $25.71. 159,862 shares of the 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. The stock's fifty day simple moving average is $26.07 and its 200 day simple moving average is $29.82. The firm has a market cap of $1.13 billion, a P/E ratio of 43.58 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.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $105.83 million. During the same quarter in the previous year, the business posted $0.38 EPS. On average, equities analysts predict 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. Stockholders of record on Thursday, May 8th were issued a $0.3438 dividend. This is an increase from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.35%. Dime Community Bancshares's dividend payout ratio (DPR) is currently 158.73%.

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.