Intech Investment Management LLC Grows Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Intech Investment Management LLC increased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 100.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,322 shares of the savings and loans company's stock after buying an additional 16,719 shares during the quarter. Intech Investment Management LLC owned about 0.09% of Dime Community Bancshares worth $1,024,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Barclays PLC increased its position in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock valued at $2,181,000 after acquiring an additional 36,076 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Dime Community Bancshares by 120.9% during the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company's stock worth $13,851,000 after purchasing an additional 263,225 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Dime Community Bancshares in the fourth quarter valued at $1,635,000. Principal Financial Group Inc. grew its stake in shares of Dime Community Bancshares by 14.5% in the fourth quarter. Principal Financial Group Inc. now owns 190,264 shares of the savings and loans company's stock valued at $5,848,000 after buying an additional 24,145 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Dime Community Bancshares in the 4th quarter valued at $279,000. Institutional investors and hedge funds own 75.27% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on DCOM. Keefe, Bruyette & Woods dropped 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 shares of 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 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.50.

Insider Activity at Dime Community Bancshares

In other 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 transaction of $93,750.00. Following the completion of the transaction, the director now directly owns 41,185 shares of the company's stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Basswood Capital Management, L sold 9,815 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total value of $306,228.00. Following the sale, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 1,729 shares of company stock valued at $48,021 over the last quarter. 9.10% of the stock is owned by insiders.

Dime Community Bancshares Stock Down 0.2 %

DCOM stock traded down $0.07 during mid-day trading on Wednesday, reaching $28.19. The company had a trading volume of 180,943 shares, compared to its average volume of 242,493. The firm has a fifty day simple moving average of $30.42 and a 200 day simple moving average of $30.93. 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 company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 47.78 and a beta of 1.04. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60.

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 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share 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.