LSV Asset Management Sells 54,990 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

LSV Asset Management lessened its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 440,149 shares of the savings and loans company’s stock after selling 54,990 shares during the period. LSV Asset Management’s holdings in Dime Community Bancshares were worth $13,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DCOM. Parkside Financial Bank & Trust grew its position in Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock worth $55,000 after acquiring an additional 654 shares during the last quarter. KBC Group NV grew its holdings in shares of Dime Community Bancshares by 50.8% during 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 during the last quarter. USA Financial Formulas acquired a new position in shares of Dime Community Bancshares in the fourth quarter valued at approximately $92,000. GAMMA Investing LLC raised its holdings in Dime Community Bancshares by 17.4% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after buying an additional 512 shares during the last quarter. Finally, Savant Capital LLC bought a new position in Dime Community Bancshares in the 4th quarter valued at approximately $209,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Down 0.4 %

Shares of NASDAQ DCOM opened at $24.07 on Friday. The company’s 50 day moving average price is $28.85 and its 200-day moving average price is $30.80. 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 52-week low of $17.49 and a 52-week high of $37.60. The company has a market capitalization of $1.05 billion, a P/E ratio of 40.80 and a beta of 0.96.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. Equities analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 169.49%.

Wall Street Analysts Forecast Growth

DCOM has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of 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. 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 report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 1,043 shares of Dime Community Bancshares stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $31.23 per share, with a total value of $32,572.89. Following the transaction, the director now owns 1,043 shares in the company, valued at $32,572.89. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the transaction, the director now owns 41,185 shares in the company, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 1,729 shares of company stock valued at $48,021 in the last quarter. 9.10% of the stock is currently owned by company insiders.

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.