Ieq Capital LLC Acquires Shares of 9,086 Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Ieq Capital LLC purchased a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,086 shares of the savings and loans company's stock, valued at approximately $279,000.

A number of other institutional investors also recently bought and sold shares of DCOM. KBC Group NV boosted its holdings 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 valued at $83,000 after acquiring an additional 909 shares during the period. USA Financial Formulas purchased a new stake in shares of Dime Community Bancshares in the fourth quarter valued at approximately $92,000. GAMMA Investing LLC grew its stake in Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company's stock worth $106,000 after purchasing an additional 512 shares in the last quarter. Quest Partners LLC increased its holdings in 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. Finally, Nisa Investment Advisors LLC raised its position in Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company's stock valued at $182,000 after purchasing an additional 1,500 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Stephens upgraded shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $30.00 to $39.00 in a report on Monday, November 18th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dime Community Bancshares presently has an average rating of "Moderate Buy" and a consensus price target of $36.40.

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Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares of the company's stock, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Basswood Capital Management, L purchased 1,043 shares of the company's stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the purchase, the director now owns 1,043 shares in the company, valued at approximately $32,572.89. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 14,815 shares of company stock valued at $471,498 in the last three months. 9.10% of the stock is owned by insiders.

Dime Community Bancshares Stock Down 0.8 %

Shares of NASDAQ DCOM traded down $0.23 during mid-day trading on Tuesday, reaching $30.11. 98,404 shares of the company were exchanged, compared to its average volume of 295,389. The firm has a 50-day moving average of $31.26 and a 200 day moving average of $30.55. Dime Community Bancshares, Inc. has a 1 year low of $17.29 and a 1 year high of $37.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 51.03 and a beta of 1.05.

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 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%. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 169.49%.

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.