Universal Beteiligungs und Servicegesellschaft mbH Invests $541,000 in Dime Community Bancshares, Inc. $DCOM

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,136 shares of the savings and loans company’s stock, valued at approximately $541,000.

Other large investors have also recently bought and sold shares of the company. Systematic Financial Management LP raised its position in Dime Community Bancshares by 2.3% during the 2nd quarter. Systematic Financial Management LP now owns 1,228,999 shares of the savings and loans company’s stock worth $33,109,000 after buying an additional 27,463 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Dime Community Bancshares by 13.1% during the second quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock worth $30,417,000 after purchasing an additional 131,087 shares during the last quarter. Geode Capital Management LLC lifted its position in Dime Community Bancshares by 0.5% during the second quarter. Geode Capital Management LLC now owns 978,630 shares of the savings and loans company’s stock valued at $26,367,000 after purchasing an additional 4,827 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Dime Community Bancshares by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock valued at $9,060,000 after purchasing an additional 18,195 shares during the last quarter. Finally, CSM Advisors LLC acquired a new stake in Dime Community Bancshares during the 2nd quarter worth about $6,302,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Trading Up 3.9%

Shares of NASDAQ:DCOM opened at $35.36 on Tuesday. The business’s 50 day moving average price is $30.90 and its 200-day moving average price is $29.55. Dime Community Bancshares, Inc. has a 1 year low of $23.25 and a 1 year high of $35.56. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $123.85 million during the quarter, compared to analyst estimates of $118.14 million. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 42.37%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DCOM shares. DA Davidson boosted their price objective on Dime Community Bancshares from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, January 21st. Stephens lifted their target price on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has a consensus rating of “Hold” and a consensus target price of $38.33.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.