53,172 Shares in Dime Community Bancshares, Inc. (NASDAQ:DCOM) Acquired by Proficio Capital Partners LLC

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

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock valued at $2,181,000 after acquiring an additional 36,076 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dime Community Bancshares by 120.9% during the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company's stock valued at $13,851,000 after acquiring an additional 263,225 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Dime Community Bancshares by 14.5% during the fourth quarter. Principal Financial Group Inc. now owns 190,264 shares of the savings and loans company's stock valued at $5,848,000 after acquiring an additional 24,145 shares in the last quarter. Ieq Capital LLC acquired a new position in Dime Community Bancshares in the fourth quarter worth about $279,000. Finally, 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. 75.27% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target 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 upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Dime Community Bancshares Stock Performance

DCOM stock traded down $0.31 during midday trading on Friday, reaching $27.93. The company had a trading volume of 1,203,490 shares, compared to its average volume of 241,982. 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 50 day moving average price of $30.50 and a 200 day moving average price of $30.85. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60. The firm has a market capitalization of $1.22 billion, a PE ratio of 47.34 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS 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%. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares 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 sale, the director now owns 37,147 shares of the company's stock, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $93,750.00. Following the sale, the director now directly owns 41,185 shares in the company, valued at approximately $1,287,031.25. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 1,729 shares of company stock worth $48,021 over the last ninety days. Company 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.