Dime Community Bancshares, Inc. $DCOM Stake Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 49.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,434 shares of the savings and loans company’s stock after buying an additional 16,363 shares during the period. Quantinno Capital Management LP owned about 0.11% of Dime Community Bancshares worth $1,672,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Dime Community Bancshares by 76.8% in the first quarter. Sei Investments Co. now owns 191,407 shares of the savings and loans company’s stock worth $6,473,000 after acquiring an additional 83,173 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Dime Community Bancshares by 46.4% during the first quarter. First Trust Advisors LP now owns 65,856 shares of the savings and loans company’s stock valued at $2,227,000 after acquiring an additional 20,886 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dime Community Bancshares by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,786 shares of the savings and loans company’s stock valued at $79,602,000 after acquiring an additional 23,035 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Dime Community Bancshares by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 21,219 shares of the savings and loans company’s stock valued at $718,000 after acquiring an additional 683 shares in the last quarter. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Dime Community Bancshares in the 1st quarter valued at approximately $202,000. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Price Performance

Shares of DCOM opened at $40.79 on Thursday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.28 and a beta of 0.99. Dime Community Bancshares, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.97. 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 business’s 50-day moving average is $39.94 and its 200-day moving average is $36.66.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, July 17th. Dime Community Bancshares’s dividend payout ratio is currently 36.10%.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,800 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $41.73, for a total value of $75,114.00. Following the completion of the sale, the director owned 32,400 shares in the company, valued at $1,352,052. This represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Basswood Capital Management, L sold 20,687 shares of Dime Community Bancshares stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $41.17, for a total transaction of $851,683.79. Following the sale, the director directly owned 6,396 shares of the company’s stock, valued at $263,323.32. This trade represents a 76.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 163,569 shares of company stock valued at $6,573,423. Insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

DCOM has been the topic of several research analyst reports. DA Davidson lifted their price objective on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods increased their target price on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.75.

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.