Virtu Financial LLC Takes Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Virtu Financial LLC acquired a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,250 shares of the savings and loans company's stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCOM. Parkside Financial Bank & Trust raised its stake in Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock valued at $55,000 after purchasing an additional 654 shares during the period. KBC Group NV grew its holdings in Dime Community Bancshares by 50.8% during the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after buying an additional 909 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Dime Community Bancshares during the fourth quarter valued at approximately $92,000. GAMMA Investing LLC lifted its holdings in shares of Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company's stock worth $106,000 after buying an additional 512 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Dime Community Bancshares by 9.4% during the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock worth $155,000 after acquiring an additional 465 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of the 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 sale, the director now owns 37,147 shares in the company, valued at $1,158,986.40. This represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now owns 41,185 shares of the company's stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,729 shares of company stock worth $48,021. Insiders own 9.10% of the company's stock.

Wall Street Analysts Forecast Growth

DCOM has been the subject of a number of research analyst reports. Piper Sandler upgraded 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. 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 report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Dime Community Bancshares Stock Down 2.1 %

DCOM stock traded down $0.58 during trading on Friday, hitting $27.65. 185,897 shares of the company's stock traded hands, compared to its average volume of 253,045. The firm has a market capitalization of $1.21 billion, a P/E ratio of 46.87 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. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $30.17 and a two-hundred day simple moving average of $30.96.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.62%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares's dividend payout ratio is presently 169.49%.

About Dime Community Bancshares

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.