Kennedy Capital Management LLC Buys 60,102 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Kennedy Capital Management LLC boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,206 shares of the savings and loans company's stock after purchasing an additional 60,102 shares during the period. Kennedy Capital Management LLC owned approximately 0.54% of Dime Community Bancshares worth $6,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Dime Community Bancshares by 91.0% in the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock worth $2,181,000 after purchasing an additional 36,076 shares during the last quarter. Swiss National Bank boosted its holdings in Dime Community Bancshares by 18.4% during the fourth quarter. Swiss National Bank now owns 81,602 shares of the savings and loans company's stock worth $2,508,000 after buying an additional 12,700 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Dime Community Bancshares in the fourth quarter worth approximately $4,850,000. Proficio Capital Partners LLC acquired a new stake in shares of Dime Community Bancshares during the 4th quarter valued at $1,635,000. Finally, Intech Investment Management LLC boosted its stake in shares of Dime Community Bancshares by 100.7% during the 4th quarter. Intech Investment Management LLC now owns 33,322 shares of the savings and loans company's stock worth $1,024,000 after acquiring an additional 16,719 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

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Dime Community Bancshares Stock Up 2.8 %

NASDAQ DCOM traded up $0.69 during trading on Tuesday, reaching $25.18. 369,643 shares of the company's stock were exchanged, compared to its average volume of 259,775. The firm has a market capitalization of $1.10 billion, a PE ratio of 42.68 and a beta of 0.96. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The company's fifty day simple moving average is $28.68 and its 200-day simple moving average is $30.79.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. Dime Community Bancshares's payout ratio is 169.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 37,147 shares of the company's stock, valued at $1,158,986.40. This represents a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares 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 transaction, the director now directly owns 41,185 shares in the company, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,729 shares of company stock worth $48,021. Insiders own 9.10% of the company's stock.

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.