Systematic Financial Management LP Sells 8,802 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Systematic Financial Management LP lessened its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 688,975 shares of the savings and loans company’s stock after selling 8,802 shares during the period. Systematic Financial Management LP’s holdings in Dime Community Bancshares were worth $14,751,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DCOM. HM Payson & Co. bought a new position in Dime Community Bancshares in the 2nd quarter valued at $28,000. Bank of Montreal Can grew its position in Dime Community Bancshares by 86.7% in the 2nd quarter. Bank of Montreal Can now owns 5,922 shares of the savings and loans company’s stock valued at $113,000 after acquiring an additional 2,750 shares during the last quarter. Denali Advisors LLC bought a new position in Dime Community Bancshares in the 3rd quarter valued at $122,000. Campbell & CO Investment Adviser LLC bought a new position in Dime Community Bancshares in the 3rd quarter valued at $209,000. Finally, A.R.T. Advisors LLC bought a new position in Dime Community Bancshares in the 2nd quarter valued at $224,000. 71.52% of the stock is currently owned by institutional investors.

In other news, EVP Stuart H. Lubow purchased 6,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of $19.22 per share, with a total value of $124,930.00. Following the transaction, the executive vice president now owns 18,980 shares of the company’s stock, valued at $364,795.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 8,000 shares of company stock worth $153,295 in the last three months. Corporate insiders own 7.80% of the company’s stock.

Dime Community Bancshares stock traded up $0.32 during mid-day trading on Tuesday, hitting $19.75. The company’s stock had a trading volume of 172,400 shares, compared to its average volume of 136,608. Dime Community Bancshares, Inc. has a one year low of $15.94 and a one year high of $22.50. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50 day moving average of $20.82 and a 200-day moving average of $19.77. The stock has a market cap of $697.98 million, a PE ratio of 14.63 and a beta of 0.84.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.22). Dime Community Bancshares had a return on equity of 6.84% and a net margin of 16.92%. The firm had revenue of $39.56 million for the quarter. On average, equities research analysts forecast that Dime Community Bancshares, Inc. will post 1.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, November 5th. Dime Community Bancshares’s payout ratio is 41.48%.

Several equities analysts have commented on the company. ValuEngine raised Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. BidaskClub downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. TheStreet downgraded Dime Community Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Stephens assumed coverage on Dime Community Bancshares in a research report on Monday, October 28th. They issued an “equal weight” rating and a $23.00 price objective on the stock. Finally, Zacks Investment Research raised Dime Community Bancshares from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Dime Community Bancshares has an average rating of “Hold” and an average target price of $22.00.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

Further Reading: Commodities

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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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