Brown Advisory Inc. Has $30.44 Million Stock Position in Dime Community Bancshares, Inc. $DCOM

Brown Advisory Inc. reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,011,632 shares of the savings and loans company’s stock after selling 87,054 shares during the period. Brown Advisory Inc.’s holdings in Dime Community Bancshares were worth $30,440,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DCOM. Royal Bank of Canada raised its holdings in Dime Community Bancshares by 15.7% during the 1st quarter. Royal Bank of Canada now owns 23,143 shares of the savings and loans company’s stock worth $645,000 after buying an additional 3,135 shares during the period. AQR Capital Management LLC grew its stake in shares of Dime Community Bancshares by 132.3% during the 1st quarter. AQR Capital Management LLC now owns 169,503 shares of the savings and loans company’s stock worth $4,726,000 after acquiring an additional 96,523 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dime Community Bancshares by 17.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,621 shares of the savings and loans company’s stock worth $659,000 after acquiring an additional 3,443 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dime Community Bancshares by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock worth $9,060,000 after acquiring an additional 18,195 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Dime Community Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company’s stock worth $2,289,000 after acquiring an additional 4,231 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DCOM. Piper Sandler began coverage on shares of Dime Community Bancshares in a research note on Monday, March 16th. They set an “overweight” rating and a $37.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. DA Davidson raised their price target on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Insider Activity

In other news, Director Raymond A. Nielsen sold 1,650 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $37.09, for a total value of $61,198.50. Following the completion of the sale, the director owned 35,607 shares of the company’s stock, valued at approximately $1,320,663.63. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.40% of the company’s stock.

Dime Community Bancshares Trading Down 2.2%

DCOM stock opened at $39.21 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $36.77 and a two-hundred day moving average price of $33.80. Dime Community Bancshares, Inc. has a one year low of $25.63 and a one year high of $40.76. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 16.61 and a beta of 1.00.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, April 17th. Dime Community Bancshares’s payout ratio is presently 37.59%.

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.