Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 73.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,755 shares of the savings and loans company's stock after acquiring an additional 18,884 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Dime Community Bancshares worth $1,376,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Dime Community Bancshares by 5.5% in the 4th quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company's stock valued at $23,335,000 after acquiring an additional 39,686 shares during the last quarter. Quantbot Technologies LP increased its stake in Dime Community Bancshares by 96,563.6% during the fourth quarter. Quantbot Technologies LP now owns 10,633 shares of the savings and loans company's stock valued at $327,000 after purchasing an additional 10,622 shares during the last quarter. Virtu Financial LLC bought a new stake in Dime Community Bancshares during the fourth quarter valued at $469,000. Semanteon Capital Management LP acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth $971,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Dime Community Bancshares by 11.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,386 shares of the savings and loans company's stock worth $258,000 after buying an additional 855 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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Dime Community Bancshares Stock Performance

NASDAQ:DCOM traded down $0.10 during mid-day trading on Friday, hitting $24.07. The stock had a trading volume of 384,976 shares, compared to its average volume of 258,869. Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 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 stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 40.80 and a beta of 0.96. The company has a 50 day simple moving average of $28.85 and a 200-day simple moving average of $30.80.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released 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 net margin of 4.50% and a return on equity of 5.43%. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.15%. Dime Community Bancshares's dividend payout ratio (DPR) is presently 169.49%.

Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now directly owns 41,185 shares in the company, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,729 shares of company stock valued at $48,021. 9.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DCOM. Piper Sandler upgraded 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 note on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.50.

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.