Swiss National Bank Has $2.51 Million Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Swiss National Bank grew its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,602 shares of the savings and loans company's stock after purchasing an additional 12,700 shares during the period. Swiss National Bank owned approximately 0.21% of Dime Community Bancshares worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DCOM. Stieven Capital Advisors L.P. increased 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 buying an additional 287,195 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Dime Community Bancshares by 120.9% during the 3rd 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. New York State Common Retirement Fund increased its stake in shares of Dime Community Bancshares by 433.6% in 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 acquiring an additional 225,227 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dime Community Bancshares during the fourth quarter worth $4,850,000. Finally, Great Lakes Advisors LLC acquired a new stake in Dime Community Bancshares during the fourth quarter valued at $4,572,000. 75.27% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DCOM. Keefe, Bruyette & Woods cut 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 raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their price objective 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Insider Activity at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the sale, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Basswood Capital Management, L sold 9,815 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 1,729 shares of company stock worth $48,021. 9.10% of the stock is owned by insiders.

Dime Community Bancshares Stock Up 0.8 %

NASDAQ DCOM traded up $0.23 during trading on Monday, hitting $27.88. 180,980 shares of the company traded hands, compared to its average volume of 252,758. The company has a market capitalization of $1.22 billion, a P/E ratio of 47.26 and a beta of 1.04. The business has a fifty day simple moving average of $30.09 and a 200 day simple moving average of $31.03. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month 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.

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

Dime Community Bancshares Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's dividend payout ratio is currently 169.49%.

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.