First Eagle Investment Management LLC Trims Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

First Eagle Investment Management LLC reduced its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 493,022 shares of the savings and loans company's stock after selling 45,532 shares during the quarter. First Eagle Investment Management LLC owned about 1.26% of Dime Community Bancshares worth $15,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCOM. Parkside Financial Bank & Trust raised its position in Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock worth $55,000 after buying an additional 654 shares during the last quarter. KBC Group NV raised its position in Dime Community Bancshares by 50.8% during the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after buying an additional 909 shares during the last quarter. USA Financial Formulas purchased a new position in Dime Community Bancshares during the 4th quarter worth approximately $92,000. GAMMA Investing LLC raised its position in 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 worth $106,000 after buying an additional 512 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock worth $155,000 after purchasing an additional 465 shares during the period. 75.27% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction on Friday, February 21st. The shares were sold at an average price of $31.25, for a total transaction of $93,750.00. Following the sale, the director now owns 41,185 shares of the company's stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the sale, the director now directly owns 37,147 shares in the company, valued at approximately $1,158,986.40. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 1,729 shares of company stock valued at $48,021. 9.10% of the stock is owned by company insiders.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock traded up $0.16 during trading on Wednesday, reaching $28.37. The company had a trading volume of 358,556 shares, compared to its average volume of 238,636. The firm's 50-day simple moving average is $30.65 and its 200 day simple moving average is $30.84. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60. The firm has a market capitalization of $1.24 billion, a PE ratio of 48.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DCOM shares. Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Piper Sandler raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their price objective 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

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.