Maryland State Retirement & Pension System Has $407,000 Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Maryland State Retirement & Pension System raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 11.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,228 shares of the savings and loans company’s stock after purchasing an additional 1,330 shares during the period. Maryland State Retirement & Pension System’s holdings in Dime Community Bancshares were worth $407,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Dime Community Bancshares by 15.8% in the 3rd quarter. Victory Capital Management Inc. now owns 53,276 shares of the savings and loans company’s stock worth $1,534,000 after purchasing an additional 7,276 shares during the last quarter. Quest Partners LLC lifted its stake in Dime Community Bancshares by 9.4% in the third 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 during the period. Intech Investment Management LLC bought a new position in Dime Community Bancshares during the third quarter worth about $478,000. Charles Schwab Investment Management Inc. boosted its holdings in Dime Community Bancshares by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company’s stock worth $9,118,000 after buying an additional 5,052 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew 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 worth $13,851,000 after buying an additional 263,225 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the sale, the director now directly owns 37,147 shares of the company’s stock, valued at approximately $1,158,986.40. This represents a 20.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now owns 41,185 shares of the company’s stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,729 shares of company stock worth $48,021. Insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

DCOM has been the topic of a number of analyst reports. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $38.00 in a research note 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. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Dime Community Bancshares has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Dime Community Bancshares Stock Down 1.4 %

DCOM stock opened at $28.26 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1.23 billion, a P/E ratio of 47.90 and a beta of 1.04. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60. The business has a 50-day moving average of $30.42 and a 200-day moving average of $30.93.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share 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%. On average, sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share 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.