Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Acquires $32,572.89 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L purchased 1,043 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $31.23 per share, for a total transaction of $32,572.89. Following the completion of the transaction, the director now owns 1,043 shares in the company, valued at approximately $32,572.89. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Basswood Capital Management, L also recently made the following trade(s):

• On Tuesday, November 12th, Basswood Capital Management, L acquired 29,000 shares of Dime Community Bancshares stock. The stock was acquired at an average cost of $32.00 per share, with a total value of $928,000.00.

Dime Community Bancshares Stock Up 3.9 %

Dime Community Bancshares stock opened at $32.01 on Wednesday. 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, Inc. has a one year low of $17.29 and a one year high of $37.60. The company has a 50-day simple moving average of $32.51 and a 200-day simple moving average of $29.42. The firm has a market capitalization of $1.25 billion, a P/E ratio of 54.26 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. As a group, equities analysts expect that Dime Community Bancshares, Inc. will post 2.99 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is 169.49%.

Institutional Trading of Dime Community Bancshares

Hedge funds have recently added to or reduced their stakes in the business. KBC Group NV grew its stake in shares of Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock worth $83,000 after purchasing an additional 909 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after purchasing an additional 685 shares during the period. USA Financial Formulas bought a new position in Dime Community Bancshares in the 4th quarter valued at about $92,000. Quest Partners LLC grew its position in Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 465 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock valued at $182,000 after buying an additional 1,500 shares during the period. Institutional investors own 75.27% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the topic of a number of recent research reports. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Finally, Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $39.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.40.

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.