Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 54.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the savings and loans company’s stock after selling 4,565 shares during the period. SG Americas Securities LLC’s holdings in Dime Community Bancshares were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in Dime Community Bancshares by 120.9% in the third 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 last quarter. Royce & Associates LP lifted its stake in Dime Community Bancshares by 47.4% during the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after purchasing an additional 162,004 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Dime Community Bancshares by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock worth $31,416,000 after acquiring an additional 143,402 shares during the period. Foundry Partners LLC increased its position in shares of Dime Community Bancshares by 19.3% during the third quarter. Foundry Partners LLC now owns 242,027 shares of the savings and loans company’s stock worth $6,970,000 after acquiring an additional 39,190 shares during the period. Finally, Barclays PLC increased its position in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock worth $2,181,000 after acquiring an additional 36,076 shares during the period. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Stephens raised shares of 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, Piper Sandler raised shares of 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 research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $36.40.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 1,043 shares of the stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the transaction, the director now directly owns 1,043 shares in the company, valued at $32,572.89. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares 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 sale, the chief technology officer now owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. This represents 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.

Dime Community Bancshares Trading Up 0.6 %

Dime Community Bancshares stock opened at $32.83 on Wednesday. The stock has a market capitalization of $1.29 billion, a PE ratio of 55.65 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. 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 firm has a 50 day simple moving average of $32.20 and a 200-day simple moving average of $29.72.

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 analysts’ consensus estimates 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 research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares’s payout ratio is 169.49%.

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.