Barclays PLC Has $2.18 Million Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Barclays PLC increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 91.0% in the third quarter, Holdings Channel reports. The institutional investor owned 75,732 shares of the savings and loans company’s stock after buying an additional 36,076 shares during the period. Barclays PLC’s holdings in Dime Community Bancshares were worth $2,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kimelman & Baird LLC acquired a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $56,000. GAMMA Investing LLC raised its position in Dime Community Bancshares by 30.4% during the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after acquiring an additional 685 shares in the last quarter. Quest Partners LLC acquired a new stake in Dime Community Bancshares in the second quarter valued at $101,000. Nisa Investment Advisors LLC lifted its stake in Dime Community Bancshares by 31.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock valued at $182,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Dime Community Bancshares in the third quarter valued at approximately $235,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Stock Performance

Shares of DCOM stock opened at $31.28 on Thursday. The business’s 50-day moving average price is $33.23 and its 200-day moving average price is $27.15. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $37.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.85 and a beta of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The business had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same quarter last year, the firm posted $0.56 EPS. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 1.49 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, January 17th. Dime Community Bancshares’s dividend payout ratio is currently 66.67%.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 29,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of $32.00 per share, with a total value of $928,000.00. Following the transaction, the director now owns 1,044,221 shares in the company, valued at approximately $33,415,072. The trade was a 2.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Michael Fegan sold 2,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares in the company, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. 9.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on DCOM shares. Keefe, Bruyette & Woods lifted their target price on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $39.00 in a report on Monday, November 18th. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Raymond James raised their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dime Community Bancshares has a consensus rating of “Moderate Buy” and an average target price of $34.20.

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.