Systematic Financial Management LP Grows Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Systematic Financial Management LP boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090,834 shares of the savings and loans company's stock after buying an additional 143,402 shares during the period. Systematic Financial Management LP owned approximately 2.79% of Dime Community Bancshares worth $31,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Dime Community Bancshares by 120.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company's stock valued at $13,851,000 after buying an additional 263,225 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Dime Community Bancshares by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company's stock valued at $9,118,000 after purchasing an additional 5,052 shares during the period. Foundry Partners LLC raised its holdings in shares of Dime Community Bancshares by 19.3% during the third quarter. Foundry Partners LLC now owns 242,027 shares of the savings and loans company's stock valued at $6,970,000 after acquiring an additional 39,190 shares during the last quarter. Intech Investment Management LLC acquired a new position in Dime Community Bancshares in the 3rd quarter valued at $478,000. Finally, Quest Partners LLC boosted its stake in Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock worth $155,000 after purchasing an additional 465 shares during the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Dime Community Bancshares Stock Down 1.3 %

NASDAQ:DCOM traded down $0.47 during midday trading on Thursday, hitting $36.12. 106,878 shares of the company were exchanged, compared to its average volume of 235,490. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The company has a market capitalization of $1.41 billion, a PE ratio of 24.39 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $31.75 and a 200 day simple moving average of $25.62.

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

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 66.67%.

Insider Activity

In other news, Director Basswood Capital Management, L bought 29,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $32.00 per share, with a total value of $928,000.00. Following the completion of the acquisition, the director now owns 1,044,221 shares of the company's stock, 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 available through this hyperlink. Insiders own 9.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Dime Community Bancshares from $38.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James lifted their target price on Dime Community Bancshares from $35.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 2nd. Stephens raised shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, StockNews.com downgraded shares of Dime Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. One 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 company's stock. According to data from MarketBeat, Dime Community Bancshares currently has an average rating of "Moderate Buy" and a consensus target price of $34.20.

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.