Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Purchased by Amundi

Amundi increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 239.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,858 shares of the savings and loans company's stock after buying an additional 14,002 shares during the period. Amundi owned 0.05% of Dime Community Bancshares worth $622,000 as of its most recent filing with the SEC.

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

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Wall Street Analyst Weigh In

Several analysts have recently issued reports on DCOM shares. Keefe, Bruyette & Woods dropped their target price on shares of 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 Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insiders Place Their Bets

In other news, Director Basswood Capital Management, L purchased 1,043 shares of the business's stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the acquisition, the director now directly owns 1,043 shares of the company's stock, valued at approximately $32,572.89. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 1,729 shares of company stock valued at $48,021 in the last three months. 9.10% of the stock is currently owned by insiders.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM traded up $0.73 during mid-day trading on Monday, reaching $28.66. The company's stock had a trading volume of 333,171 shares, compared to its average volume of 242,346. The stock has a 50-day moving average of $30.50 and a two-hundred day moving average of $30.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $1.25 billion, a P/E ratio of 48.58 and a beta of 1.04. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 EPS 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%. On average, equities research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

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.