Rhumbline Advisers Purchases 428 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Rhumbline Advisers lifted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,328 shares of the savings and loans company’s stock after purchasing an additional 428 shares during the period. Rhumbline Advisers owned 0.28% of Dime Community Bancshares worth $2,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stieven Capital Advisors L.P. purchased a new position in Dime Community Bancshares during the 1st quarter valued at $4,702,000. Hennessy Advisors Inc. bought a new position in shares of Dime Community Bancshares in the 4th quarter worth approximately $3,016,000. Salzhauer Michael lifted its stake in shares of Dime Community Bancshares by 446.0% in the 1st quarter. Salzhauer Michael now owns 129,915 shares of the savings and loans company’s stock valued at $2,502,000 after purchasing an additional 106,121 shares during the period. First Eagle Investment Management LLC grew its stake in Dime Community Bancshares by 21.3% in the first quarter. First Eagle Investment Management LLC now owns 364,754 shares of the savings and loans company’s stock worth $7,025,000 after purchasing an additional 64,100 shares during the period. Finally, Foundry Partners LLC raised its holdings in Dime Community Bancshares by 31.0% in the first quarter. Foundry Partners LLC now owns 205,409 shares of the savings and loans company’s stock worth $3,956,000 after purchasing an additional 48,619 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Analyst Ratings Changes

DCOM has been the subject of a number of analyst reports. Raymond James raised shares of Dime Community Bancshares from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $29.00 to $35.00 in a research note on Tuesday. Piper Sandler cut shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their price target on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, StockNews.com raised Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dime Community Bancshares has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Dime Community Bancshares Trading Up 4.6 %

Shares of NASDAQ:DCOM opened at $29.90 on Friday. The stock’s 50-day simple moving average is $24.42 and its two-hundred day simple moving average is $20.82. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.80 and a beta of 1.00. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $30.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.02 and a current ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $171.23 million for the quarter, compared to the consensus estimate of $82.19 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same period last year, the firm earned $0.68 earnings per share. Analysts expect that Dime Community Bancshares, Inc. will post 1.59 EPS for the current year.

Dime Community Bancshares Company 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.