Proficio Capital Partners LLC Purchases Shares of 53,172 Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Proficio Capital Partners LLC bought a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,172 shares of the savings and loans company's stock, valued at approximately $1,635,000. Proficio Capital Partners LLC owned 0.14% of Dime Community Bancshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC grew its holdings in shares of Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock valued at $155,000 after buying an additional 465 shares during the period. 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 valued at $106,000 after acquiring an additional 512 shares during the period. KBC Group NV increased its holdings in shares of Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after acquiring an additional 909 shares in the last quarter. Amalgamated Bank raised its position in shares of Dime Community Bancshares by 9.4% during the fourth quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company's stock worth $350,000 after purchasing an additional 978 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Dime Community Bancshares by 12.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,258 shares of the savings and loans company's stock worth $285,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 75.27% of the company's stock.

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Insider Activity at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly owns 41,185 shares of the company's stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Basswood Capital Management, L bought 1,043 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $31.23 per share, with a total value of $32,572.89. Following the completion of the purchase, the director now directly owns 1,043 shares in the company, valued at $32,572.89. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,729 shares of company stock valued at $48,021. Insiders own 9.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on 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. Piper Sandler raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Finally, Stephens upgraded shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $30.00 to $39.00 in a report on Monday, November 18th. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.40.

Dime Community Bancshares Stock Down 4.9 %

Shares of DCOM traded down $1.39 during mid-day trading on Monday, hitting $27.05. 340,470 shares of the company's stock were exchanged, compared to its average volume of 239,695. The company has a 50-day simple moving average of $31.08 and a 200 day simple moving average of $30.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $1.18 billion, a PE ratio of 45.85 and a beta of 1.04. Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 week high of $37.60.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.70%. Dime Community Bancshares's payout ratio is presently 169.49%.

Dime Community Bancshares Company 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.