Semanteon Capital Management LP Invests $971,000 in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Semanteon Capital Management LP purchased a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,580 shares of the savings and loans company's stock, valued at approximately $971,000. Semanteon Capital Management LP owned approximately 0.08% of Dime Community Bancshares at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stieven Capital Advisors L.P. lifted its stake in Dime Community Bancshares by 86.3% in the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company's stock valued at $19,060,000 after acquiring an additional 287,195 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Dime Community Bancshares by 120.9% in the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company's stock worth $13,851,000 after purchasing an additional 263,225 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Dime Community Bancshares by 433.6% during the fourth quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company's stock worth $8,519,000 after purchasing an additional 225,227 shares during the last quarter. Raymond James Financial Inc. bought a new position in Dime Community Bancshares in the fourth quarter valued at $4,850,000. Finally, Great Lakes Advisors LLC acquired a new stake in Dime Community Bancshares in the 4th quarter valued at $4,572,000. 75.27% of the stock is owned by institutional investors and hedge funds.

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Dime Community Bancshares Stock Performance

Shares of Dime Community Bancshares stock traded down $0.40 during trading on Tuesday, hitting $28.26. 246,571 shares of the stock were exchanged, compared to its average volume of 242,235. 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 has a fifty day moving average price of $30.48 and a 200-day moving average price of $30.91. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 47.90 and a beta of 1.04. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60.

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

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 3,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the completion of the sale, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value 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 disclosure for this sale can be found here. Insiders acquired 1,729 shares of company stock valued at $48,021 in the last quarter. 9.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DCOM shares. Keefe, Bruyette & Woods reduced their price objective on shares of 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 Dime Community Bancshares from a "neutral" rating to an "overweight" rating and increased their price target for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. One research 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 stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has an average rating of "Moderate Buy" and an average price target of $38.50.

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.