Royce & Associates LP Lowers Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Royce & Associates LP lessened its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,908 shares of the savings and loans company’s stock after selling 74,745 shares during the quarter. Royce & Associates LP owned 1.10% of Dime Community Bancshares worth $13,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Systematic Financial Management LP lifted its position in shares of Dime Community Bancshares by 15.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after acquiring an additional 143,402 shares during the period. Geode Capital Management LLC lifted its position in shares of Dime Community Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock valued at $24,773,000 after acquiring an additional 9,978 shares during the period. Stieven Capital Advisors L.P. lifted its position in shares of Dime Community Bancshares by 86.3% during the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock valued at $19,060,000 after acquiring an additional 287,195 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Dime Community Bancshares by 120.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock valued at $13,851,000 after acquiring an additional 263,225 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Dime Community Bancshares by 12.5% during the 4th quarter. Bank of New York Mellon Corp now owns 421,392 shares of the savings and loans company’s stock valued at $12,951,000 after acquiring an additional 46,903 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the completion of the sale, the director now directly owns 37,147 shares of the company’s stock, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction that occurred 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 completion of the sale, the director now directly owns 41,185 shares of the company’s stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 1,729 shares of company stock valued at $48,021. Company insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods reduced 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. Finally, Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $39.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Dime Community Bancshares Trading Up 1.2 %

Shares of Dime Community Bancshares stock opened at $28.34 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 1 year low of $17.49 and a 1 year high of $37.60. The company has a market capitalization of $1.24 billion, a P/E ratio of 48.03 and a beta of 1.04. The business has a 50 day moving average price of $30.70 and a 200 day moving average price of $30.82.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data 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 return on equity of 5.43% and a net margin of 4.50%. Sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares 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.