Dime Community Bancshares, Inc. (DCOM) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the savings and loans company’s stock after purchasing an additional 25,000 shares during the period. Hennessy Advisors Inc. owned approximately 0.80% of Dime Community Bancshares worth $6,450,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in Dime Community Bancshares by 5.0% during the 1st quarter. Renaissance Technologies LLC now owns 640,072 shares of the savings and loans company’s stock worth $12,993,000 after purchasing an additional 30,447 shares during the last quarter. Prudential Financial Inc. grew its position in Dime Community Bancshares by 2.0% during the 2nd quarter. Prudential Financial Inc. now owns 476,234 shares of the savings and loans company’s stock worth $9,334,000 after purchasing an additional 9,510 shares during the last quarter. First Trust Advisors LP grew its position in Dime Community Bancshares by 67.5% during the 2nd quarter. First Trust Advisors LP now owns 161,172 shares of the savings and loans company’s stock worth $3,159,000 after purchasing an additional 64,950 shares during the last quarter. LSV Asset Management grew its position in Dime Community Bancshares by 17.5% during the 2nd quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after purchasing an additional 159,121 shares during the last quarter. Finally, Context BH Capital Management LP grew its position in Dime Community Bancshares by 3.9% during the 2nd quarter. Context BH Capital Management LP now owns 298,219 shares of the savings and loans company’s stock worth $5,845,000 after purchasing an additional 11,328 shares during the last quarter. 68.05% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the stock. Barclays PLC boosted their target price on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 target price on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.17.

Shares of Dime Community Bancshares, Inc. (DCOM) remained flat at $$19.90 during midday trading on Friday. 101,579 shares of the company were exchanged, compared to its average volume of 147,485. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.35 and a current ratio of 1.40. Dime Community Bancshares, Inc. has a 1-year low of $17.50 and a 1-year high of $22.65. The firm has a market capitalization of $744.72, a price-to-earnings ratio of 15.55 and a beta of 0.83.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. The business had revenue of $42.74 million during the quarter. sell-side analysts forecast that Dime Community Bancshares, Inc. will post 1.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 3rd. Dime Community Bancshares’s payout ratio is 56.57%.

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Dime Community Bancshares Profile

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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

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