Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Dime Community Bancshares, Inc. $DCOM

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,136 shares of the savings and loans company’s stock, valued at approximately $541,000.

Other large investors have also modified their holdings of the company. Systematic Financial Management LP raised its position in shares of Dime Community Bancshares by 2.3% in the second quarter. Systematic Financial Management LP now owns 1,228,999 shares of the savings and loans company’s stock valued at $33,109,000 after buying an additional 27,463 shares during the last quarter. Brown Advisory Inc. grew its stake in Dime Community Bancshares by 13.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock valued at $30,417,000 after acquiring an additional 131,087 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dime Community Bancshares by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 978,630 shares of the savings and loans company’s stock valued at $26,367,000 after acquiring an additional 4,827 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Dime Community Bancshares by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock worth $9,060,000 after purchasing an additional 18,195 shares in the last quarter. Finally, CSM Advisors LLC purchased a new position in Dime Community Bancshares in the 2nd quarter worth approximately $6,302,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DCOM shares. Stephens increased their price target on Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.33.

Dime Community Bancshares Stock Up 3.9%

Shares of DCOM opened at $35.36 on Tuesday. The firm has a market cap of $1.55 billion, a P/E ratio of 14.98 and a beta of 1.11. Dime Community Bancshares, Inc. has a 12-month low of $23.25 and a 12-month high of $35.56. The company’s 50-day moving average price is $30.90 and its 200 day moving average price is $29.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The company had revenue of $123.85 million during the quarter, compared to analyst estimates of $118.14 million. During the same quarter last year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is 42.37%.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.