First Eagle Investment Management LLC Acquires 123,800 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

First Eagle Investment Management LLC grew its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 33.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 488,554 shares of the savings and loans company’s stock after buying an additional 123,800 shares during the period. First Eagle Investment Management LLC’s holdings in Dime Community Bancshares were worth $9,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DCOM. Hsbc Holdings PLC boosted its holdings in shares of Dime Community Bancshares by 19.5% in the 2nd quarter. Hsbc Holdings PLC now owns 41,478 shares of the savings and loans company’s stock worth $849,000 after purchasing an additional 6,768 shares during the period. Denali Advisors LLC bought a new stake in Dime Community Bancshares in the second quarter worth $235,000. Renaissance Technologies LLC boosted its stake in Dime Community Bancshares by 12.8% during the second quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company’s stock worth $4,317,000 after buying an additional 24,000 shares during the period. Dimensional Fund Advisors LP increased its position in Dime Community Bancshares by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,173,003 shares of the savings and loans company’s stock valued at $44,328,000 after acquiring an additional 13,650 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Dime Community Bancshares by 13.9% during the second quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock valued at $12,959,000 after acquiring an additional 77,284 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Dime Community Bancshares Trading Up 4.6 %

DCOM stock opened at $29.90 on Friday. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $30.12. The firm’s 50-day moving average is $24.42 and its 200 day moving average is $20.82. The company has a market capitalization of $1.17 billion, a PE ratio of 16.80 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.02 and a quick ratio of 1.02.

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

About Dime Community Bancshares

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.