CSM Advisors LLC Invests $6.30 Million in Dime Community Bancshares, Inc. $DCOM

CSM Advisors LLC purchased a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the second quarter, Holdings Channel.com reports. The fund purchased 233,800 shares of the savings and loans company’s stock, valued at approximately $6,302,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hughes Financial Services LLC purchased a new stake in Dime Community Bancshares in the first quarter worth $37,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Dime Community Bancshares during the 2nd quarter worth $97,000. CWM LLC increased its holdings in Dime Community Bancshares by 250.1% in the 1st quarter. CWM LLC now owns 6,035 shares of the savings and loans company’s stock worth $168,000 after acquiring an additional 4,311 shares during the last quarter. AlphaQuest LLC bought a new stake in Dime Community Bancshares in the 2nd quarter valued at about $235,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Dime Community Bancshares by 53.4% during the second quarter. Nisa Investment Advisors LLC now owns 9,671 shares of the savings and loans company’s stock valued at $261,000 after purchasing an additional 3,366 shares during the last quarter. 75.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L bought 20,537 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $26.26 per share, with a total value of $539,301.62. Following the completion of the purchase, the director directly owned 1,034,158 shares in the company, valued at $27,156,989.08. This represents a 2.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 2,200 shares of Dime Community Bancshares stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $26.29, for a total transaction of $57,838.00. Following the transaction, the director directly owned 33,985 shares in the company, valued at $893,465.65. This trade represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,200 shares of company stock valued at $414,948 in the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Stock Up 2.2%

Shares of NASDAQ DCOM opened at $26.97 on Monday. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $37.60. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.66 and a beta of 1.15. The business has a 50-day moving average of $29.35 and a 200-day moving average of $28.13.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.06). Dime Community Bancshares had a net margin of 8.72% and a return on equity of 7.81%. The company had revenue of $103.40 million for the quarter, compared to analysts’ expectations of $112.75 million. During the same quarter last year, the business posted $0.29 EPS. Sell-side analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 87.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DCOM. Zacks Research lowered shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Finally, DA Davidson began coverage on Dime Community Bancshares in a report on Monday, October 27th. They issued a “buy” rating and a $36.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.13.

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.