Dime Community Bancshares, Inc. (DCOM) Stake Lessened by Maltese Capital Management LLC

Maltese Capital Management LLC decreased its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 200,000 shares of the savings and loans company’s stock after selling 20,000 shares during the period. Maltese Capital Management LLC owned approximately 0.53% of Dime Community Bancshares worth $4,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. bought a new position in shares of Dime Community Bancshares in the 3rd quarter valued at $313,000. Dimensional Fund Advisors LP increased its stake in shares of Dime Community Bancshares by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock valued at $62,817,000 after purchasing an additional 122,016 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Dime Community Bancshares by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 124,930 shares of the savings and loans company’s stock valued at $2,686,000 after purchasing an additional 6,302 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Dime Community Bancshares by 14.6% in the 3rd quarter. Wells Fargo & Company MN now owns 101,250 shares of the savings and loans company’s stock valued at $2,176,000 after purchasing an additional 12,870 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Dime Community Bancshares by 5.1% in the 3rd quarter. Nordea Investment Management AB now owns 391,951 shares of the savings and loans company’s stock valued at $8,427,000 after purchasing an additional 19,155 shares during the last quarter. Institutional investors own 68.36% of the company’s stock.

DCOM has been the topic of several recent analyst reports. Barclays lifted their price target on Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 price target on shares of Dime Community Bancshares in a research note on Thursday, August 31st. Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.17.

In related news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Shares of Dime Community Bancshares, Inc. (DCOM) opened at $21.50 on Friday. The firm has a market capitalization of $808.33, a price-to-earnings ratio of 16.88 and a beta of 0.82. Dime Community Bancshares, Inc. has a 52-week low of $18.35 and a 52-week high of $22.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.27.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $42.74 million for the quarter. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. analysts forecast that Dime Community Bancshares, Inc. will post 1.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were given a dividend of $0.14 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. Dime Community Bancshares’s dividend payout ratio is currently 56.00%.

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Dime Community Bancshares 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.

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

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