Jane Street Group LLC Sells 18,632 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Jane Street Group LLC decreased its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 36.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,903 shares of the savings and loans company's stock after selling 18,632 shares during the period. Jane Street Group LLC owned about 0.08% of Dime Community Bancshares worth $948,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DCOM. Rhumbline Advisers increased its stake in Dime Community Bancshares by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company's stock valued at $2,230,000 after buying an additional 428 shares during the last quarter. Quest Partners LLC increased its position in shares of Dime Community Bancshares by 9.4% during the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock valued at $155,000 after acquiring an additional 465 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Dime Community Bancshares by 30.4% during the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock worth $85,000 after acquiring an additional 685 shares during the period. Nisa Investment Advisors LLC boosted its position in Dime Community Bancshares by 31.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company's stock worth $182,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Dime Community Bancshares by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company's stock valued at $938,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 75.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DCOM shares. StockNews.com cut Dime Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Raymond James raised their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a "strong-buy" rating in a report on Wednesday, October 2nd. Stephens upgraded shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Dime Community Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $34.20.

Insider Activity

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the sale, the chief technology officer now directly owns 20,155 shares in the company, valued at $720,742.80. This represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Basswood Capital Management, L purchased 29,000 shares of Dime Community Bancshares stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $32.00 per share, with a total value of $928,000.00. Following the completion of the transaction, the director now directly owns 1,044,221 shares in the company, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.10% of the stock is owned by company insiders.

Dime Community Bancshares Stock Performance

NASDAQ DCOM traded up $0.08 during trading on Wednesday, hitting $30.74. 195,074 shares of the company's stock traded hands, compared to its average volume of 243,660. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 20.49 and a beta of 1.03. Dime Community Bancshares, Inc. has a 12-month low of $17.29 and a 12-month high of $37.60. The business has a 50 day moving average of $33.30 and a 200-day moving average of $27.62.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The business had revenue of $171.87 million for the quarter, compared to analysts' expectations of $86.65 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, equities research analysts anticipate that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, January 17th. Dime Community Bancshares's payout ratio is currently 66.67%.

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.