Mutual of America Capital Management LLC Boosts Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Mutual of America Capital Management LLC raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 48.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,148 shares of the savings and loans company's stock after acquiring an additional 53,041 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.42% of Dime Community Bancshares worth $4,394,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Point72 Middle East FZE bought a new position in Dime Community Bancshares in the fourth quarter valued at about $38,000. Tower Research Capital LLC TRC grew its position in shares of Dime Community Bancshares by 451.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,286 shares of the savings and loans company's stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. Point72 Hong Kong Ltd grew its position in shares of Dime Community Bancshares by 1,225.8% during the first quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company's stock worth $60,000 after purchasing an additional 1,618 shares in the last quarter. FMR LLC grew its position in shares of Dime Community Bancshares by 51.1% during the third quarter. FMR LLC now owns 1,848 shares of the savings and loans company's stock worth $37,000 after purchasing an additional 625 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Dime Community Bancshares by 298.0% during the second quarter. Lazard Asset Management LLC now owns 4,155 shares of the savings and loans company's stock worth $72,000 after purchasing an additional 3,111 shares in the last quarter. Institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Trading Down 1.9 %

Shares of NASDAQ:DCOM traded down $0.34 during trading on Tuesday, hitting $18.01. The company had a trading volume of 173,278 shares, compared to its average volume of 257,556. The stock has a market cap of $700.23 million, a price-to-earnings ratio of 8.01 and a beta of 1.02. Dime Community Bancshares, Inc. has a one year low of $15.57 and a one year high of $27.91. The company has a fifty day simple moving average of $18.71 and a two-hundred day simple moving average of $21.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.07 and a quick ratio of 1.06.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.09). The company had revenue of $167.63 million during the quarter, compared to the consensus estimate of $81.01 million. Dime Community Bancshares had a net margin of 14.89% and a return on equity of 9.85%. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, equities analysts forecast that Dime Community Bancshares, Inc. will post 1.78 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Tuesday, April 16th. Dime Community Bancshares's dividend payout ratio is currently 43.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and set a $28.00 target price on shares of Dime Community Bancshares in a research report on Thursday, March 14th. Raymond James cut their price target on Dime Community Bancshares from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Wednesday, March 13th. Keefe, Bruyette & Woods cut their price target on Dime Community Bancshares from $30.00 to $25.50 and set an "outperform" rating for the company in a report on Friday, April 5th. Finally, StockNews.com cut Dime Community Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.88.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L bought 27,068 shares of the firm's stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $23.00 per share, with a total value of $622,564.00. Following the transaction, the director now directly owns 1,015,221 shares in the company, valued at approximately $23,350,083. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.30% of the stock is owned by corporate insiders.

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.