Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 759,241 shares of the savings and loans company's stock after buying an additional 39,686 shares during the quarter. American Century Companies Inc. owned approximately 1.94% of Dime Community Bancshares worth $23,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DCOM. Stieven Capital Advisors L.P. increased its stake in Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company's stock worth $19,060,000 after purchasing an additional 287,195 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of 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 in the last quarter. New York State Common Retirement Fund increased its stake in Dime Community Bancshares by 433.6% during the 4th quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company's stock worth $8,519,000 after buying an additional 225,227 shares during the period. Raymond James Financial Inc. acquired a new stake in Dime Community Bancshares during the 4th quarter worth approximately $4,850,000. Finally, Great Lakes Advisors LLC acquired a new stake in Dime Community Bancshares during the 4th quarter worth approximately $4,572,000. Institutional investors and hedge funds own 75.27% of the company's stock.

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Dime Community Bancshares Stock Down 9.9 %

Shares of DCOM traded down $2.84 during midday trading on Thursday, reaching $25.80. The stock had a trading volume of 327,827 shares, compared to its average volume of 252,805. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 43.73 and a beta of 0.96. The company's fifty day simple moving average is $29.84 and its two-hundred day simple moving average is $30.99. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-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.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly 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 net margin of 4.50% and a return on equity of 5.43%. Equities research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's dividend payout ratio (DPR) is 169.49%.

Analyst Ratings Changes

DCOM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective 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 raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. One 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 company's stock. Based on data from MarketBeat, Dime Community Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 41,185 shares of the company's stock, valued at $1,287,031.25. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Basswood Capital Management, L purchased 1,043 shares of the business's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $31.23 per share, for a total transaction of $32,572.89. Following the transaction, the director now owns 1,043 shares of the company's stock, valued at $32,572.89. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,729 shares of company stock worth $48,021 over the last three months. Insiders own 9.10% of the company's stock.

Dime Community Bancshares 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.