EMC Capital Management Raises Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

EMC Capital Management increased its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 42.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,861 shares of the savings and loans company’s stock after buying an additional 2,924 shares during the period. EMC Capital Management’s holdings in Dime Community Bancshares were worth $190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DCOM. SG Americas Securities LLC boosted its holdings in Dime Community Bancshares by 2.7% in the 4th quarter. SG Americas Securities LLC now owns 31,062 shares of the savings and loans company’s stock worth $836,000 after buying an additional 825 shares during the period. Arizona State Retirement System bought a new position in Dime Community Bancshares in the 4th quarter valued at $263,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dime Community Bancshares by 11.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,102 shares of the savings and loans company’s stock valued at $434,000 after purchasing an additional 1,707 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Dime Community Bancshares by 48.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 163,148 shares of the savings and loans company’s stock valued at $4,394,000 after purchasing an additional 53,041 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in Dime Community Bancshares in the 4th quarter valued at $471,000. 75.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DCOM. StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Piper Sandler downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $23.00 to $26.00 in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM traded down $0.60 during mid-day trading on Friday, reaching $23.04. 386,002 shares of the company were exchanged, compared to its average volume of 233,085. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $27.91. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $897.87 million, a PE ratio of 12.55 and a beta of 1.01. The company’s 50 day moving average price is $20.54 and its 200 day moving average price is $20.04.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $171.23 million during the quarter, compared to the consensus estimate of $82.19 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same period in the previous year, the firm posted $0.68 EPS. Sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.62 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Wednesday, July 17th. Dime Community Bancshares’s payout ratio is presently 56.18%.

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.