Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Position Cut by Gator Capital Management LLC

Gator Capital Management LLC lessened its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,438 shares of the savings and loans company's stock after selling 48,197 shares during the period. Dime Community Bancshares comprises 1.1% of Gator Capital Management LLC's portfolio, making the stock its 29th largest holding. Gator Capital Management LLC owned approximately 0.24% of Dime Community Bancshares worth $2,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DCOM. Vanguard Group Inc. grew its stake in shares of Dime Community Bancshares by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock valued at $84,202,000 after buying an additional 256,466 shares during the period. Wellington Management Group LLP acquired a new position in Dime Community Bancshares in the fourth quarter valued at $39,073,000. Geode Capital Management LLC grew its position in Dime Community Bancshares by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company's stock valued at $27,748,000 after acquiring an additional 42,610 shares during the period. American Century Companies Inc. increased its stake in Dime Community Bancshares by 5.5% during the fourth quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company's stock worth $23,335,000 after acquiring an additional 39,686 shares during the last quarter. Finally, Stieven Capital Advisors L.P. raised its holdings in shares of Dime Community Bancshares by 86.3% in the 4th 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. Institutional investors and hedge funds own 75.27% of the company's stock.

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Insiders Place Their Bets

In other news, Director Basswood Capital Management, L acquired 1,043 shares of the business's stock in a transaction that occurred 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 directly owns 1,043 shares in the company, valued at $32,572.89. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond A. Nielsen sold 3,000 shares of the firm'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 transaction of $93,750.00. Following the completion of the sale, the director now owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 1,729 shares of company stock valued at $48,021 in the last quarter. Insiders own 9.10% of the company's stock.

Dime Community Bancshares Stock Down 1.4 %

Shares of NASDAQ DCOM traded down $0.34 during midday trading on Friday, reaching $23.83. 160,613 shares of the company's stock were exchanged, compared to its average volume of 257,567. The stock has a market capitalization of $1.04 billion, a PE ratio of 40.25 and a beta of 0.96. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. 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 business's fifty day moving average price is $29.01 and its two-hundred day moving average price is $30.82.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its 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 net margin of 4.50% and a return on equity of 5.43%. Analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.20%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's payout ratio is currently 169.49%.

Analysts Set New Price Targets

DCOM has been the topic of a number of research reports. Keefe, Bruyette & Woods cut 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 note on Friday, January 24th. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dime Community Bancshares presently has an average rating of "Moderate Buy" and a consensus price target 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.