New York State Common Retirement Fund Purchases 47,338 Shares of Dime Community Bancshares, Inc. $DCOM

New York State Common Retirement Fund lifted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 350,807 shares of the savings and loans company’s stock after acquiring an additional 47,338 shares during the quarter. New York State Common Retirement Fund’s holdings in Dime Community Bancshares were worth $10,465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DCOM. Emerald Mutual Fund Advisers Trust bought a new stake in Dime Community Bancshares in the 2nd quarter valued at about $97,000. GAMMA Investing LLC increased its stake in shares of Dime Community Bancshares by 15.1% in the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after purchasing an additional 584 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Dime Community Bancshares by 326.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after purchasing an additional 4,446 shares during the period. XTX Topco Ltd bought a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $229,000. Finally, AlphaQuest LLC purchased a new stake in shares of Dime Community Bancshares during the 2nd quarter valued at approximately $235,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 7,500 shares of Dime Community Bancshares stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $34.83, for a total transaction of $261,225.00. Following the completion of the sale, the director directly owned 1,006,319 shares in the company, valued at $35,050,090.77. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 28,334 shares of company stock worth $966,688 in the last three months. Insiders own 7.10% of the company’s stock.

Dime Community Bancshares Price Performance

NASDAQ:DCOM opened at $35.44 on Wednesday. Dime Community Bancshares, Inc. has a 52-week low of $23.25 and a 52-week high of $36.47. The stock has a fifty day moving average of $31.04 and a 200 day moving average of $29.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 15.02 and a beta of 1.11.

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 analysts’ consensus estimates of $0.70 by $0.09. The business had revenue of $123.85 million for the quarter, compared to analyst estimates of $118.14 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same period in the prior year, the company earned $0.42 EPS. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 42.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DCOM shares. Zacks Research upgraded shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Stephens raised their price target on Dime Community Bancshares from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, January 21st. DA Davidson boosted their price objective on Dime Community Bancshares from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Dime Community Bancshares presently has an average rating of “Hold” and a consensus target price of $38.33.

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.