Dimensional Fund Advisors LP Has $44.33 Million Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Dimensional Fund Advisors LP boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,173,003 shares of the savings and loans company’s stock after acquiring an additional 13,650 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Dime Community Bancshares worth $44,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of Dime Community Bancshares by 13.9% during the 2nd quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock worth $12,959,000 after acquiring an additional 77,284 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Dime Community Bancshares by 16.0% in the second quarter. Texas Permanent School Fund Corp now owns 35,468 shares of the savings and loans company’s stock valued at $724,000 after purchasing an additional 4,888 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Dime Community Bancshares in the second quarter valued at $101,000. Victory Capital Management Inc. raised its position in shares of Dime Community Bancshares by 4.5% in the second quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company’s stock valued at $938,000 after purchasing an additional 2,000 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Dime Community Bancshares by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock worth $2,230,000 after buying an additional 428 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Stock Performance

NASDAQ DCOM opened at $28.09 on Monday. The firm has a 50-day moving average price of $24.98 and a two-hundred day moving average price of $21.25. Dime Community Bancshares, Inc. has a 12-month low of $17.29 and a 12-month high of $30.12. The company has a market capitalization of $1.09 billion, a P/E ratio of 15.78 and a beta of 1.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.58% and a net margin of 9.98%. During the same quarter in the prior year, the business posted $0.68 earnings per share. Analysts anticipate that Dime Community Bancshares, Inc. will post 1.6 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, October 17th. Dime Community Bancshares’s payout ratio is currently 56.18%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Keefe, Bruyette & Woods upped their target price on Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $23.00 to $26.00 in a report on Tuesday, July 23rd. Finally, Raymond James raised Dime Community Bancshares from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $29.00 to $35.00 in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

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.