Principal Financial Group Inc. reduced its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,569 shares of the savings and loans company’s stock after selling 6,020 shares during the quarter. Principal Financial Group Inc. owned approximately 0.62% of Dime Community Bancshares worth $4,979,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Federated Investors Inc. PA lifted its holdings in Dime Community Bancshares by 0.5% during the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock worth $186,000 after acquiring an additional 47 shares during the period. Alps Advisors Inc. increased its position in Dime Community Bancshares by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,132 shares of the savings and loans company’s stock worth $453,000 after buying an additional 59 shares during the last quarter. Arizona State Retirement System increased its position in Dime Community Bancshares by 0.6% in the second quarter. Arizona State Retirement System now owns 16,270 shares of the savings and loans company’s stock worth $319,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its position in Dime Community Bancshares by 1.3% in the second quarter. Texas Permanent School Fund now owns 22,806 shares of the savings and loans company’s stock worth $447,000 after buying an additional 297 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Dime Community Bancshares by 8.4% in the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock worth $122,000 after buying an additional 486 shares during the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.
In other news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.30% of the company’s stock.
Shares of Dime Community Bancshares, Inc. (DCOM) opened at $21.15 on Friday. The stock has a market capitalization of $791.49, a price-to-earnings ratio of 16.80 and a beta of 0.82. Dime Community Bancshares, Inc. has a 52 week low of $18.35 and a 52 week high of $22.65. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.40 and a current ratio of 1.40.
Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The firm had revenue of $42.74 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Friday, November 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.57%.
A number of analysts have issued reports on the company. BidaskClub downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 price target on shares of Dime Community Bancshares in a research report on Thursday, August 31st. Barclays lifted their price target on Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.17.
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About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
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