Amundi Purchases 14,002 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Amundi boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 239.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,858 shares of the savings and loans company’s stock after buying an additional 14,002 shares during the period. Amundi owned approximately 0.05% of Dime Community Bancshares worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Dime Community Bancshares during the 4th quarter worth approximately $4,850,000. Arizona State Retirement System boosted its position in shares of Dime Community Bancshares by 19.0% in the fourth quarter. Arizona State Retirement System now owns 12,018 shares of the savings and loans company’s stock valued at $369,000 after acquiring an additional 1,918 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Dime Community Bancshares during the fourth quarter worth approximately $1,635,000. Victory Capital Management Inc. lifted its position in shares of Dime Community Bancshares by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 55,076 shares of the savings and loans company’s stock valued at $1,693,000 after acquiring an additional 1,800 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Dime Community Bancshares by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,833 shares of the savings and loans company’s stock worth $10,783,000 after buying an additional 34,222 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DCOM shares. Keefe, Bruyette & Woods decreased their target price on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.50.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock opened at $28.24 on Friday. Dime Community Bancshares, Inc. has a one year low of $17.49 and a one year 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 stock’s 50 day moving average is $30.53 and its 200 day moving average is $30.80. The firm has a market cap of $1.23 billion, a P/E ratio of 47.87 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly 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, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the completion of the sale, the director now owns 41,185 shares in the company, valued at approximately $1,287,031.25. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Basswood Capital Management, L purchased 1,043 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the completion of the acquisition, the director now directly owns 1,043 shares of the company’s stock, valued at $32,572.89. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,729 shares of company stock worth $48,021. Corporate insiders own 9.10% of the company’s stock.

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.