3,063 Shares in Dime Community Bancshares, Inc. (NASDAQ:DCOM) Acquired by AJOVista LLC

AJOVista LLC purchased a new position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,063 shares of the savings and loans company’s stock, valued at approximately $82,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Dime Community Bancshares by 81.5% in the third quarter. SG Americas Securities LLC now owns 30,237 shares of the savings and loans company’s stock worth $604,000 after purchasing an additional 13,574 shares during the last quarter. Raymond James & Associates grew its holdings in Dime Community Bancshares by 2.1% during the third quarter. Raymond James & Associates now owns 31,588 shares of the savings and loans company’s stock valued at $630,000 after purchasing an additional 656 shares during the period. Brown Advisory Inc. lifted its position in shares of Dime Community Bancshares by 11.1% during the third quarter. Brown Advisory Inc. now owns 769,199 shares of the savings and loans company’s stock worth $15,353,000 after acquiring an additional 77,113 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Dime Community Bancshares by 2.7% during the third quarter. TD Asset Management Inc now owns 61,310 shares of the savings and loans company’s stock worth $1,224,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Dime Community Bancshares by 1.6% during the third quarter. Principal Financial Group Inc. now owns 188,683 shares of the savings and loans company’s stock worth $3,766,000 after acquiring an additional 2,906 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM traded up $0.08 on Friday, hitting $19.40. The stock had a trading volume of 212,696 shares, compared to its average volume of 225,690. The stock has a market cap of $754.27 million, a price-to-earnings ratio of 10.90 and a beta of 1.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $18.59 and its two-hundred day simple moving average is $20.98. Dime Community Bancshares, Inc. has a 52-week low of $15.57 and a 52-week high of $27.91.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.15%. Dime Community Bancshares’s payout ratio is currently 56.18%.

Analyst Ratings Changes

Several research firms have issued reports on DCOM. Keefe, Bruyette & Woods dropped their target price on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Raymond James decreased their price objective on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. DA Davidson restated a “buy” rating and set a $28.00 target price on shares of Dime Community Bancshares in a report on Thursday, March 14th. Finally, StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st.

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.