Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,155 shares of the savings and loans company's stock after selling 32,549 shares during the period. Renaissance Technologies LLC owned 0.46% of Dime Community Bancshares worth $5,537,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its position in Dime Community Bancshares by 91.0% during the 3rd 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. Swiss National Bank boosted its position 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 valued at $2,508,000 after purchasing an additional 12,700 shares in the last quarter. Franklin Resources Inc. purchased a new position in Dime Community Bancshares in the fourth quarter valued at about $480,000. Raymond James Financial Inc. bought a new position in Dime Community Bancshares in the fourth quarter worth about $4,850,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Dime Community Bancshares during the fourth quarter valued at about $1,635,000. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the completion of the transaction, the director now directly owns 37,147 shares in the company, valued at approximately $1,158,986.40. This represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the firm's stock in a transaction dated 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 $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. 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. 9.10% of the stock is owned by company insiders.

Dime Community Bancshares Stock Performance

Shares of Dime Community Bancshares stock traded down $0.01 on Wednesday, reaching $25.81. 453,639 shares of the stock were exchanged, compared to its average volume of 261,321. Dime Community Bancshares, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. The business has a 50 day moving average price of $27.83 and a two-hundred day moving average price of $30.66. 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 firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 43.75 and a beta of 0.96.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. During the same period in the previous year, the firm posted $0.38 earnings per share. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 169.49%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DCOM. Stephens lowered their target price on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a research note on Wednesday. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Finally, 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. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Dime Community Bancshares has an average rating of "Moderate Buy" and an average price target of $36.88.

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.