Dime Community Bancshares, Inc. (NASDAQ:DCOM) is Stieven Capital Advisors L.P.'s 8th Largest Position

Stieven Capital Advisors L.P. increased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 86.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 620,155 shares of the savings and loans company's stock after acquiring an additional 287,195 shares during the quarter. Dime Community Bancshares comprises about 3.4% of Stieven Capital Advisors L.P.'s holdings, making the stock its 8th biggest holding. Stieven Capital Advisors L.P. owned 1.58% of Dime Community Bancshares worth $19,060,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Systematic Financial Management LP boosted its position in shares of Dime Community Bancshares by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company's stock valued at $31,416,000 after acquiring an additional 143,402 shares during the period. Geode Capital Management LLC raised its stake in Dime Community Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company's stock valued at $24,773,000 after purchasing an additional 9,978 shares in the last quarter. Royce & Associates LP raised its stake in Dime Community Bancshares by 47.4% in the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company's stock valued at $14,505,000 after purchasing an additional 162,004 shares in the last quarter. The Manufacturers Life Insurance Company raised 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 worth $13,851,000 after acquiring an additional 263,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dime Community Bancshares by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company's stock worth $9,118,000 after acquiring an additional 5,052 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Trading Down 0.9 %

NASDAQ:DCOM traded down $0.30 during trading hours on Wednesday, hitting $31.45. The company had a trading volume of 372,339 shares, compared to its average volume of 317,498. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $37.60. The company has a market capitalization of $1.23 billion, a PE ratio of 53.31 and a beta of 1.05. 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 stock has a 50-day moving average price of $31.70 and a 200 day moving average price of $30.02.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced 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%. On average, equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 169.49%.

Analyst Ratings Changes

Several research firms have commented on DCOM. Stephens raised shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Piper Sandler raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted 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 target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.40.

Insider Activity

In other news, CTO Michael Fegan sold 2,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $35.76, for a total transaction of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares in the company, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Basswood Capital Management, L sold 9,815 shares of the business'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 sale, the director now owns 37,147 shares in the company, valued at approximately $1,158,986.40. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.10% of the company's stock.

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.