GAMMA Investing LLC Buys New Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

GAMMA Investing LLC bought a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,434 shares of the savings and loans company’s stock, valued at approximately $92,000.

Several other large investors have also recently added to or reduced their stakes in DCOM. SG Americas Securities LLC increased its position in Dime Community Bancshares by 81.5% in the 3rd quarter. SG Americas Securities LLC now owns 30,237 shares of the savings and loans company’s stock valued at $604,000 after acquiring an additional 13,574 shares during the period. Raymond James & Associates increased its position in Dime Community Bancshares by 2.1% in the 3rd quarter. Raymond James & Associates now owns 31,588 shares of the savings and loans company’s stock valued at $630,000 after acquiring an additional 656 shares during the period. Brown Advisory Inc. increased its position in Dime Community Bancshares by 11.1% in the 3rd quarter. Brown Advisory Inc. now owns 769,199 shares of the savings and loans company’s stock valued at $15,353,000 after acquiring an additional 77,113 shares during the period. TD Asset Management Inc increased its position in shares of Dime Community Bancshares by 2.7% during the 3rd quarter. TD Asset Management Inc now owns 61,310 shares of the savings and loans company’s stock valued at $1,224,000 after purchasing an additional 1,600 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Dime Community Bancshares by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 188,683 shares of the savings and loans company’s stock valued at $3,766,000 after purchasing an additional 2,906 shares during the period. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James lowered their price target on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods lowered their price target on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Finally, DA Davidson reiterated a “buy” rating and set a $28.00 price target on shares of Dime Community Bancshares in a research report on Thursday, March 14th.

Dime Community Bancshares Stock Performance

Shares of NASDAQ DCOM opened at $18.75 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $728.96 million, a price-to-earnings ratio of 10.53 and a beta of 1.02. The stock’s fifty day simple moving average is $18.60 and its 200 day simple moving average is $21.02. Dime Community Bancshares, Inc. has a 52-week low of $15.57 and a 52-week high of $27.91.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Friday, January 26th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The company had revenue of $167.63 million during the quarter, compared to analyst estimates of $81.01 million. Dime Community Bancshares had a return on equity of 7.76% and a net margin of 11.46%. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.67 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Tuesday, April 16th. Dime Community Bancshares’s payout ratio is 56.18%.

Insider Buying and Selling

In related news, Director Basswood Capital Management, L bought 27,068 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $622,564.00. Following the acquisition, the director now directly owns 1,015,221 shares of the company’s stock, valued at approximately $23,350,083. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.30% of the company’s stock.

Dime Community Bancshares 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.