Systematic Financial Management LP Increases Position in Dime Community Bancshares, Inc. $DCOM

Systematic Financial Management LP lifted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,228,999 shares of the savings and loans company’s stock after buying an additional 27,463 shares during the quarter. Systematic Financial Management LP owned approximately 2.80% of Dime Community Bancshares worth $33,109,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. lifted its position in shares of Dime Community Bancshares by 11.1% during the first quarter. Raymond James Financial Inc. now owns 175,293 shares of the savings and loans company’s stock worth $4,887,000 after purchasing an additional 17,499 shares during the last quarter. Jump Financial LLC bought a new stake in Dime Community Bancshares during the 1st quarter valued at about $433,000. Ieq Capital LLC boosted its position in Dime Community Bancshares by 144.1% in the 1st quarter. Ieq Capital LLC now owns 22,176 shares of the savings and loans company’s stock valued at $618,000 after buying an additional 13,090 shares during the period. EJF Capital LLC grew its stake in Dime Community Bancshares by 17.2% in the 1st quarter. EJF Capital LLC now owns 116,305 shares of the savings and loans company’s stock worth $3,243,000 after acquiring an additional 17,041 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Dime Community Bancshares by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 124,524 shares of the savings and loans company’s stock worth $3,472,000 after acquiring an additional 26,629 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Transactions at Dime Community Bancshares

In related news, Director Basswood Capital Management, L purchased 20,537 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $26.26 per share, for a total transaction of $539,301.62. Following the purchase, the director owned 1,034,158 shares of the company’s stock, valued at $27,156,989.08. This trade represents a 2.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond A. Nielsen sold 2,200 shares of Dime Community Bancshares stock in a transaction on Friday, October 31st. The stock was sold at an average price of $26.29, for a total transaction of $57,838.00. Following the sale, the director owned 33,985 shares of the company’s stock, valued at $893,465.65. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 14,200 shares of company stock valued at $414,948. 7.10% of the stock is currently owned by company insiders.

Dime Community Bancshares Stock Up 0.8%

Shares of Dime Community Bancshares stock opened at $29.09 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.28 billion, a P/E ratio of 25.52 and a beta of 1.12. The firm’s 50 day moving average price is $28.20 and its 200-day moving average price is $28.24. Dime Community Bancshares, Inc. has a 52-week low of $23.25 and a 52-week high of $37.13.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.06). Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.The firm had revenue of $116.67 million during the quarter, compared to analysts’ expectations of $112.75 million. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, October 17th. Dime Community Bancshares’s dividend payout ratio is currently 87.72%.

Analysts Set New Price Targets

DCOM has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. Zacks Research lowered Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. DA Davidson assumed coverage on Dime Community Bancshares in a report on Monday, October 27th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.13.

Dime Community Bancshares Profile

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.