Gator Capital Management LLC Sells 48,197 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Gator Capital Management LLC decreased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 34.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 93,438 shares of the savings and loans company’s stock after selling 48,197 shares during the period. Dime Community Bancshares comprises 1.1% of Gator Capital Management LLC’s portfolio, making the stock its 29th biggest position. Gator Capital Management LLC owned about 0.24% of Dime Community Bancshares worth $2,872,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position 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 purchasing an additional 654 shares in the last quarter. KBC Group NV increased its stake in 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 buying an additional 909 shares during the last quarter. USA Financial Formulas bought a new stake in Dime Community Bancshares during the 4th quarter worth about $92,000. GAMMA Investing LLC boosted its stake in shares of Dime Community Bancshares by 17.4% during the 4th 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 last quarter. Finally, Savant Capital LLC acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth about $209,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Insider Activity

In other Dime Community Bancshares 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 transaction, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 9,815 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the completion of the sale, the director now directly owns 37,147 shares of the company’s stock, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 1,729 shares of company stock valued at $48,021 over the last ninety days. 9.10% of the stock is currently owned by company insiders.

Dime Community Bancshares Stock Down 2.4 %

Shares of DCOM stock opened at $25.17 on Friday. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. The stock 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 $29.73 and its 200-day moving average is $31.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) last released 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%. Sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. Dime Community Bancshares’s dividend payout ratio is currently 169.49%.

Wall Street Analysts Forecast Growth

DCOM has been the topic of several analyst reports. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price target on 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 investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company 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.