Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Purchases $32,572.89 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L acquired 1,043 shares of Dime Community Bancshares stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $31.23 per share, with a total value of $32,572.89. Following the completion of the acquisition, the director now owns 1,043 shares of the company’s stock, valued at $32,572.89. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Basswood Capital Management, L also recently made the following trade(s):

• On Tuesday, November 12th, Basswood Capital Management, L purchased 29,000 shares of Dime Community Bancshares stock. The stock was purchased at an average price of $32.00 per share, with a total value of $928,000.00.

Dime Community Bancshares Trading Up 2.2 %

Shares of DCOM stock opened at $33.89 on Friday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 57.44 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $32.37 and a 200 day moving average price of $29.50. Dime Community Bancshares, Inc. has a twelve month low of $17.29 and a twelve month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last posted 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 net margin of 4.50% and a return on equity of 5.43%. Research analysts forecast that Dime Community Bancshares, Inc. will post 2.99 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio is presently 169.49%.

Institutional Investors Weigh In On Dime Community Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP lifted its position in 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 buying an additional 143,402 shares during the period. Geode Capital Management LLC increased its stake in shares of Dime Community Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock valued at $24,773,000 after acquiring an additional 9,978 shares during the last quarter. Stieven Capital Advisors L.P. lifted its holdings in shares of Dime Community Bancshares by 86.3% during the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock worth $19,060,000 after acquiring an additional 287,195 shares during the period. Royce & Associates LP lifted its holdings in shares of Dime Community Bancshares by 47.4% during the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after acquiring an additional 162,004 shares during the period. Finally, The Manufacturers Life Insurance Company grew 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 purchasing an additional 263,225 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $30.00 to $39.00 in a research report on Monday, November 18th. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price target for the company from $36.00 to $38.00 in a report 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 for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.40.

About Dime Community Bancshares

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.