Intech Investment Management LLC Buys Shares of 16,603 Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Intech Investment Management LLC acquired a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,603 shares of the savings and loans company's stock, valued at approximately $478,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in Dime Community Bancshares by 47.4% in the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company's stock valued at $14,505,000 after purchasing an additional 162,004 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Dime Community Bancshares by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company's stock worth $4,317,000 after buying an additional 24,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Dime Community Bancshares by 13.9% during 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 buying an additional 77,284 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Dime Community Bancshares by 33.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 488,554 shares of the savings and loans company's stock worth $9,967,000 after buying an additional 123,800 shares during the last quarter. Finally, Stieven Capital Advisors L.P. increased its position in Dime Community Bancshares by 11.6% during the 3rd quarter. Stieven Capital Advisors L.P. now owns 332,960 shares of the savings and loans company's stock worth $9,589,000 after purchasing an additional 34,615 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com cut Dime Community Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Stephens upgraded Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Raymond James upped their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L bought 29,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the purchase, the director now owns 1,044,221 shares in the company, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.10% of the company's stock.

Dime Community Bancshares Trading Up 1.3 %

NASDAQ:DCOM traded up $0.48 on Monday, reaching $36.36. The company's stock had a trading volume of 341,285 shares, compared to its average volume of 236,298. Dime Community Bancshares, Inc. has a 1-year low of $17.29 and a 1-year high of $37.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $1.42 billion, a PE ratio of 24.24 and a beta of 0.99. The business's 50-day moving average price is $31.41 and its two-hundred day moving average price is $25.43.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The company had revenue of $171.87 million for the quarter, compared to the consensus estimate of $86.65 million. During the same quarter in the previous year, the company posted $0.56 EPS. Equities research analysts anticipate that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.75%. Dime Community Bancshares's dividend payout ratio is 66.67%.

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.