Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Acquires $32,572.89 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Basswood Capital Management, L acquired 1,043 shares of Dime Community Bancshares stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $31.23 per share, with a total value of $32,572.89. Following the transaction, the director now owns 1,043 shares in the company, valued at approximately $32,572.89. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Basswood Capital Management, L also recently made the following trade(s):

• On Tuesday, November 12th, Basswood Capital Management, L acquired 29,000 shares of Dime Community Bancshares stock. The shares were bought at an average price of $32.00 per share, for a total transaction of $928,000.00.

Dime Community Bancshares Stock Down 3.4 %

NASDAQ:DCOM traded down $1.15 during trading hours on Friday, hitting $32.74. 310,295 shares of the company traded hands, compared to its average volume of 305,058. 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 company has a market cap of $1.28 billion, a PE ratio of 55.49 and a beta of 1.05. The firm's 50-day simple moving average is $32.27 and its 200-day simple moving average is $29.59. Dime Community Bancshares, Inc. has a one year low of $17.29 and a one year high of $37.60.

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 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%. Equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares's payout ratio is 169.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. raised its stake in shares of Dime Community Bancshares by 70.2% during the 2nd quarter. Sei Investments Co. now owns 27,437 shares of the savings and loans company's stock worth $560,000 after purchasing an additional 11,317 shares during the period. Squarepoint Ops LLC raised its position in Dime Community Bancshares by 23.3% in the second quarter. Squarepoint Ops LLC now owns 48,350 shares of the savings and loans company's stock worth $986,000 after acquiring an additional 9,144 shares during the period. The Manufacturers Life Insurance Company raised its position in Dime Community Bancshares by 1,546.1% in the second quarter. The Manufacturers Life Insurance Company now owns 217,719 shares of the savings and loans company's stock worth $4,441,000 after acquiring an additional 204,493 shares during the period. GAMMA Investing LLC boosted its stake in Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock valued at $85,000 after acquiring an additional 685 shares during the last quarter. Finally, Creative Planning bought a new position in shares of Dime Community Bancshares during the 3rd quarter valued at approximately $243,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased 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 research note on Friday, January 24th. Finally, Stephens upgraded shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $30.00 to $39.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.40.

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.