Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,499 shares of the savings and loans company’s stock after acquiring an additional 5,017 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Dime Community Bancshares worth $1,512,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DCOM. Dimensional Fund Advisors LP grew its position in shares of Dime Community Bancshares by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,173,003 shares of the savings and loans company’s stock worth $44,328,000 after buying an additional 13,650 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Dime Community Bancshares by 12.8% during the second quarter. Renaissance Technologies LLC now owns 211,604 shares of the savings and loans company’s stock worth $4,317,000 after buying an additional 24,000 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Dime Community Bancshares by 19.5% during the second quarter. Hsbc Holdings PLC now owns 41,478 shares of the savings and loans company’s stock worth $849,000 after buying an additional 6,768 shares in the last quarter. Sei Investments Co. grew its position in shares of Dime Community Bancshares by 70.2% during the second quarter. Sei Investments Co. now owns 27,437 shares of the savings and loans company’s stock worth $560,000 after buying an additional 11,317 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Dime Community Bancshares by 5.1% during the second quarter. Thrivent Financial for Lutherans now owns 102,179 shares of the savings and loans company’s stock worth $2,085,000 after buying an additional 4,988 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L bought 29,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the transaction, the director now directly owns 1,044,221 shares in the company, valued at $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Michael Fegan sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. 9.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $36.00 to $38.00 in a research note on Thursday. Raymond James raised their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price objective on Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

Dime Community Bancshares Trading Down 2.4 %

Dime Community Bancshares stock opened at $31.00 on Friday. The firm has a 50 day simple moving average of $33.16 and a 200-day simple moving average of $28.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.21 billion, a PE ratio of 20.67 and a beta of 1.05. Dime Community Bancshares, Inc. has a 12-month low of $17.29 and a 12-month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. As a group, equities research analysts expect that Dime Community Bancshares, Inc. will post 1.49 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be given a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

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.