Voya Investment Management LLC Has $338,000 Stock Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Voya Investment Management LLC decreased its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,007 shares of the savings and loans company’s stock after selling 951 shares during the quarter. Voya Investment Management LLC’s holdings in Dime Community Bancshares were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCOM. Vanguard Group Inc. lifted its holdings in shares of Dime Community Bancshares by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company’s stock worth $84,202,000 after buying an additional 256,466 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Dime Community Bancshares by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company’s stock worth $70,671,000 after acquiring an additional 71,273 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Dime Community Bancshares by 13.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company’s stock valued at $61,999,000 after purchasing an additional 233,417 shares during the last quarter. Wellington Management Group LLP acquired a new position in Dime Community Bancshares during the 4th quarter valued at $39,073,000. Finally, Geode Capital Management LLC boosted its holdings in Dime Community Bancshares by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company’s stock valued at $27,748,000 after purchasing an additional 42,610 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Trading Up 0.3%

Shares of DCOM stock opened at $26.66 on Monday. The firm has a fifty day moving average of $26.61 and a 200-day moving average of $30.35. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 45.19 and a beta of 1.09. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. The business had revenue of $103.83 million for the quarter, compared to analysts’ expectations of $105.83 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a $0.3438 dividend. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.38 annualized dividend and a dividend yield of 5.16%. Dime Community Bancshares’s dividend payout ratio is currently 158.73%.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 9,815 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the sale, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This represents a 20.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DCOM. Stephens dropped their price objective on shares of Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dime Community Bancshares currently has an average rating of “Buy” and an average target price of $36.88.

About Dime Community Bancshares

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.