Systematic Financial Management LP lifted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 22.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,643 shares of the savings and loans company’s stock after buying an additional 117,458 shares during the quarter. Systematic Financial Management LP owned approximately 1.69% of Dime Community Bancshares worth $13,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Dime Community Bancshares by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,989,172 shares of the savings and loans company’s stock worth $60,680,000 after buying an additional 50,236 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dime Community Bancshares by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock worth $54,875,000 after buying an additional 208,581 shares in the last quarter. Northern Trust Corp grew its position in shares of Dime Community Bancshares by 5.0% during the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock worth $26,542,000 after buying an additional 64,023 shares in the last quarter. LSV Asset Management grew its position in shares of Dime Community Bancshares by 17.5% during the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after buying an additional 159,121 shares in the last quarter. Finally, Polaris Capital Management LLC grew its position in shares of Dime Community Bancshares by 0.9% during the second quarter. Polaris Capital Management LLC now owns 896,889 shares of the savings and loans company’s stock worth $17,579,000 after buying an additional 7,800 shares in the last quarter. 68.47% of the stock is owned by institutional investors and hedge funds.

Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) traded up $0.05 on Wednesday, reaching $21.10. The company had a trading volume of 194,100 shares, compared to its average volume of 162,313. Dime Community Bancshares, Inc. has a 52-week low of $18.00 and a 52-week high of $22.65. The company has a market capitalization of $787.75, a PE ratio of 16.44 and a beta of 0.83. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.40 and a quick ratio of 1.40.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data 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 for the quarter. sell-side analysts predict that Dime Community Bancshares, Inc. will post 1.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, November 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.00%.

A number of research firms have recently weighed in on DCOM. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of Dime Community Bancshares in a research report on Thursday, August 31st. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Barclays PLC raised their price objective on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.17.

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Dime Community Bancshares Company Profile

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.

Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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