Swiss National Bank Boosts Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Swiss National Bank grew its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,602 shares of the savings and loans company’s stock after purchasing an additional 12,700 shares during the period. Swiss National Bank owned about 0.21% of Dime Community Bancshares worth $2,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DCOM. Parkside Financial Bank & Trust increased its stake in Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock worth $55,000 after buying an additional 654 shares during the period. KBC Group NV increased its position in shares of Dime Community Bancshares by 50.8% during the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock worth $83,000 after acquiring an additional 909 shares during the period. USA Financial Formulas bought a new stake in shares of Dime Community Bancshares during the fourth quarter valued at approximately $92,000. GAMMA Investing LLC boosted its holdings in shares of Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after purchasing an additional 512 shares during the period. Finally, Quest Partners LLC grew 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 worth $155,000 after purchasing an additional 465 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Basswood Capital Management, L sold 9,815 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the transaction, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. The trade was a 20.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at approximately $1,287,031.25. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 1,729 shares of company stock worth $48,021 in the last 90 days. 9.10% of the stock is owned by corporate insiders.

Dime Community Bancshares Stock Up 0.1 %

Dime Community Bancshares stock opened at $28.23 on Friday. Dime Community Bancshares, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. The business has a fifty day moving average of $30.26 and a two-hundred day moving average of $30.90. The firm has a market cap of $1.23 billion, a P/E ratio of 47.85 and a beta of 1.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data 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 forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.54%. Dime Community Bancshares’s payout ratio is currently 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.