Sei Investments Co. Increases Position in Dime Community Bancshares, Inc. $DCOM

Sei Investments Co. grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 76.8% during the first quarter, Holdings Channel.com reports. The firm owned 191,407 shares of the savings and loans company’s stock after acquiring an additional 83,173 shares during the period. Sei Investments Co.’s holdings in Dime Community Bancshares were worth $6,473,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DCOM. Hilton Head Capital Partners LLC purchased a new position in Dime Community Bancshares in the fourth quarter valued at $28,000. Larson Financial Group LLC lifted its holdings in Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Dime Community Bancshares by 326.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after buying an additional 4,446 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Dime Community Bancshares during the 3rd quarter worth about $169,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Dime Community Bancshares during the 1st quarter worth about $202,000. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dime Community Bancshares

In related news, Director Basswood Capital Management, L sold 20,687 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $41.17, for a total value of $851,683.79. Following the completion of the sale, the director owned 6,396 shares in the company, valued at $263,323.32. This represents a 76.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond A. Nielsen sold 1,650 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $37.09, for a total transaction of $61,198.50. Following the sale, the director owned 35,607 shares of the company’s stock, valued at approximately $1,320,663.63. This represents a 4.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,419 shares of company stock worth $6,559,507 in the last quarter. Insiders own 7.40% of the company’s stock.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM opened at $41.22 on Tuesday. Dime Community Bancshares, Inc. has a 12 month low of $25.63 and a 12 month high of $41.62. The firm has a market capitalization of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $39.42 and its 200 day moving average price is $36.19.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Dime Community Bancshares’s payout ratio is 36.10%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson raised their target price on Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods upped their price target on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.75.

Dime Community Bancshares Profile

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.