Vontobel Holding Ltd. Buys Shares of 8,148 Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Vontobel Holding Ltd. purchased a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,148 shares of the savings and loans company’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Dime Community Bancshares by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,479,855 shares of the savings and loans company’s stock worth $47,762,000 after purchasing an additional 19,999 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dime Community Bancshares by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,173,003 shares of the savings and loans company’s stock worth $44,328,000 after purchasing an additional 13,650 shares in the last quarter. Boston Partners raised its holdings in shares of Dime Community Bancshares by 4.8% in the first quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock worth $13,334,000 after buying an additional 31,853 shares during the last quarter. American Century Companies Inc. raised its stake in Dime Community Bancshares by 13.9% in 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. Finally, First Eagle Investment Management LLC raised its stake in shares of Dime Community Bancshares by 33.9% in the second quarter. First Eagle Investment Management LLC now owns 488,554 shares of the savings and loans company’s stock worth $9,967,000 after purchasing an additional 123,800 shares during the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Dime Community Bancshares Stock Up 3.3 %

Shares of DCOM opened at $30.14 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. The firm has a market cap of $1.17 billion, a P/E ratio of 16.93 and a beta of 1.00. The stock’s 50 day moving average is $27.01 and its two-hundred day moving average is $22.58. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $31.75.

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 the consensus estimate of $0.41 by ($0.12). The company had revenue of $171.87 million during the quarter, compared to analysts’ expectations of $86.65 million. Dime Community Bancshares had a return on equity of 6.58% and a net margin of 9.98%. During the same period in the previous year, the firm posted $0.56 EPS. Analysts predict that Dime Community Bancshares, Inc. will post 1.61 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 3.32%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 56.18%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DCOM shares. Keefe, Bruyette & Woods increased their price objective on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a research note 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 company from $23.00 to $26.00 in a research report on Tuesday, July 23rd. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Raymond James lifted their target price on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

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.