Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 96,563.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,633 shares of the savings and loans company’s stock after buying an additional 10,622 shares during the period. Quantbot Technologies LP’s holdings in Dime Community Bancshares were worth $327,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in 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 valued at $55,000 after acquiring an additional 654 shares during the last quarter. KBC Group NV boosted its position in shares of Dime Community Bancshares by 50.8% in the 4th 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 during the period. USA Financial Formulas purchased a new position in Dime Community Bancshares during the 4th quarter worth approximately $92,000. GAMMA Investing LLC increased its position in Dime Community Bancshares by 17.4% during 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 during the period. Finally, Quest Partners LLC lifted its stake in Dime Community Bancshares by 9.4% in the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 1,043 shares of Dime Community Bancshares stock in a transaction on Friday, January 31st. The stock was bought at an average price of $31.23 per share, with a total value of $32,572.89. Following the completion of the acquisition, the director now owns 1,043 shares in the company, valued at $32,572.89. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $93,750.00. Following the sale, the director now owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 1,729 shares of company stock worth $48,021 over the last 90 days. Company insiders own 9.10% of the company’s stock.

Dime Community Bancshares Trading Down 2.1 %

NASDAQ:DCOM opened at $27.65 on Friday. 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 stock’s 50 day simple moving average is $30.17 and its 200-day simple moving average is $30.92. Dime Community Bancshares, Inc. has a 12-month low of $17.49 and a 12-month high of $37.60. The firm has a market cap of $1.21 billion, a P/E ratio of 46.87 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM) last announced 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%. Equities analysts anticipate 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 given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. Dime Community Bancshares’s payout ratio is currently 169.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DCOM. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price objective 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 research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.