Charles Schwab Investment Management Inc. Acquires 34,222 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Charles Schwab Investment Management Inc. grew its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,833 shares of the savings and loans company's stock after acquiring an additional 34,222 shares during the period. Charles Schwab Investment Management Inc. owned 0.90% of Dime Community Bancshares worth $10,783,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DCOM. Quest Partners LLC raised its position in Dime Community Bancshares by 9.4% during the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock valued at $155,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 17.4% during the 4th 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 in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of 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 valued at $55,000 after purchasing an additional 654 shares during the last quarter. KBC Group NV boosted its holdings in Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after purchasing an additional 909 shares in the last quarter. Finally, Amalgamated Bank increased its position in Dime Community Bancshares by 9.4% during the fourth quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company's stock worth $350,000 after buying an additional 978 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on DCOM. 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 raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and upped their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the transaction, the director now directly owns 37,147 shares of the company's stock, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 1,729 shares of company stock valued at $48,021 in the last 90 days. 9.10% of the stock is currently owned by company insiders.

Dime Community Bancshares Stock Performance

Shares of Dime Community Bancshares stock traded down $0.07 during midday trading on Wednesday, hitting $28.19. The company had a trading volume of 180,943 shares, compared to its average volume of 242,493. The stock has a market cap of $1.23 billion, a PE ratio of 47.78 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. The business's 50 day simple moving average is $30.42 and its two-hundred day simple moving average is $30.93. 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 announced 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%. As a group, equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

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.