Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,324 shares of the savings and loans company’s stock after acquiring an additional 2,217 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Dime Community Bancshares worth $686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of Dime Community Bancshares by 47.4% in the 3rd 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 during the last quarter. Barclays PLC increased its holdings in shares of Dime Community Bancshares by 91.0% in the 3rd 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. The Manufacturers Life Insurance Company boosted its position in shares of Dime Community Bancshares by 120.9% during the third 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. GAMMA Investing LLC grew 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 worth $106,000 after buying an additional 512 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in 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 in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $30.00 to $39.00 in a research note on Monday, November 18th. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $38.00 in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.40.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 1,043 shares of Dime Community Bancshares stock in a transaction on Friday, January 31st. The shares were bought at an average price of $31.23 per share, with a total value of $32,572.89. Following the completion of the purchase, the director now owns 1,043 shares in the company, valued at $32,572.89. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Michael Fegan sold 2,000 shares of the company’s 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 transaction, the chief technology officer now owns 20,155 shares in the company, valued at $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.10% of the company’s stock.

Dime Community Bancshares Price Performance

NASDAQ DCOM opened at $31.34 on Friday. The stock’s 50-day moving average is $31.93 and its two-hundred day moving average is $29.79. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week 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 market cap of $1.23 billion, a P/E ratio of 53.12 and a beta of 1.05.

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 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%. On average, analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 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.