Brown Advisory Inc. Has $27.82 Million Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Brown Advisory Inc. trimmed its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 997,980 shares of the savings and loans company’s stock after selling 15,695 shares during the quarter. Brown Advisory Inc.’s holdings in Dime Community Bancshares were worth $27,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DCOM. Principal Financial Group Inc. lifted its holdings in shares of Dime Community Bancshares by 2.8% during the first quarter. Principal Financial Group Inc. now owns 195,530 shares of the savings and loans company’s stock worth $5,451,000 after purchasing an additional 5,266 shares during the period. Illinois Municipal Retirement Fund raised its position in Dime Community Bancshares by 14.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company’s stock worth $624,000 after purchasing an additional 2,840 shares during the last quarter. Salzhauer Michael lifted its holdings in Dime Community Bancshares by 17.0% during the 1st quarter. Salzhauer Michael now owns 72,367 shares of the savings and loans company’s stock worth $2,018,000 after buying an additional 10,533 shares during the period. SG Americas Securities LLC lifted its holdings in Dime Community Bancshares by 314.4% during the 1st quarter. SG Americas Securities LLC now owns 16,023 shares of the savings and loans company’s stock worth $447,000 after buying an additional 12,156 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Dime Community Bancshares by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock valued at $110,000 after buying an additional 483 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Price Performance

DCOM stock opened at $28.79 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $26.71 and its 200 day simple moving average is $28.31. Dime Community Bancshares, Inc. has a 12-month low of $20.03 and a 12-month high of $37.60. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 45.70 and a beta of 1.07.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Dime Community Bancshares had a return on equity of 6.05% and a net margin of 5.08%. The company had revenue of $103.83 million for the quarter, compared to the consensus estimate of $105.83 million. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, July 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 158.73%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Stephens decreased their target price on shares of Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares has an average rating of “Buy” and a consensus price target of $36.88.

Insider Activity

In other news, Director Raymond A. Nielsen sold 2,000 shares of Dime Community Bancshares stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the sale, the director owned 35,392 shares in the company, valued at $905,327.36. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.10% of the company’s stock.

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.