Thrivent Financial for Lutherans Sells 28,893 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Thrivent Financial for Lutherans lessened its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 48.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,361 shares of the savings and loans company's stock after selling 28,893 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Dime Community Bancshares worth $933,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its stake in shares of Dime Community Bancshares by 58.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock worth $55,000 after acquiring an additional 654 shares during the last quarter. KBC Group NV raised its stake in shares of Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after purchasing an additional 909 shares in the last quarter. USA Financial Formulas acquired a new stake in Dime Community Bancshares during the fourth quarter worth $92,000. GAMMA Investing LLC increased its holdings in Dime Community Bancshares by 17.4% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company's stock valued at $106,000 after buying an additional 512 shares during the period. Finally, Savant Capital LLC acquired a new position in shares of Dime Community Bancshares in the 4th quarter valued at $209,000. Institutional investors own 75.27% of the company's stock.

Insider Activity at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction 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 sale, the director now directly owns 41,185 shares of the company's stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L acquired 1,043 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $31.23 per share, with a total value of $32,572.89. Following the transaction, the director now directly owns 1,043 shares of the company's stock, valued at $32,572.89. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 1,729 shares of company stock worth $48,021 in the last ninety days. 9.10% of the stock is owned by company insiders.

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Dime Community Bancshares Stock Down 2.4 %

DCOM stock traded down $0.63 during trading hours on Friday, reaching $25.17. 403,659 shares of the stock were exchanged, compared to its average volume of 253,404. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 42.66 and a beta of 0.96. The firm's 50-day moving average is $29.84 and its 200-day moving average is $30.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.43% and a net margin of 4.50%. On average, equities research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current 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. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 3.97%. Dime Community Bancshares's payout ratio is currently 169.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on shares of 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 equities research 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. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target 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.