Victory Capital Management Inc. lessened its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,565 shares of the savings and loans company's stock after selling 9,056 shares during the period. Victory Capital Management Inc. owned 0.16% of Dime Community Bancshares worth $1,774,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its stake in Dime Community Bancshares by 1,225.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company's stock worth $60,000 after acquiring an additional 1,618 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Dime Community Bancshares by 103.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,830 shares of the savings and loans company's stock valued at $54,000 after purchasing an additional 930 shares in the last quarter. KBC Group NV acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at $81,000. FMR LLC boosted its holdings in shares of Dime Community Bancshares by 10.1% in the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company's stock valued at $115,000 after purchasing an additional 357 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Dime Community Bancshares by 179.1% in the 2nd quarter. Captrust Financial Advisors now owns 4,451 shares of the savings and loans company's stock valued at $132,000 after purchasing an additional 2,856 shares in the last quarter. Institutional investors own 72.38% of the company's stock.
Get Dime Community Bancshares alerts:Insiders Place Their Bets
In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 2,177 shares of Dime Community Bancshares stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $32.76, for a total transaction of $71,318.52. Following the transaction, the director now directly owns 1,333,520 shares of the company's stock, valued at approximately $43,686,115.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dime Community Bancshares news, insider Christopher J. Porzelt sold 2,000 shares of Dime Community Bancshares stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $33.50, for a total transaction of $67,000.00. Following the transaction, the insider now directly owns 13,716 shares of the company's stock, valued at approximately $459,486. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Basswood Capital Management, L sold 2,177 shares of Dime Community Bancshares stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $32.76, for a total value of $71,318.52. Following the transaction, the director now directly owns 1,333,520 shares in the company, valued at $43,686,115.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,551 shares of company stock valued at $4,966,927. 15.30% of the stock is currently owned by company insiders.
Dime Community Bancshares Trading Up 2.6 %
NASDAQ DCOM opened at $30.60 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Dime Community Bancshares, Inc. has a twelve month low of $28.36 and a twelve month high of $36.82. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 8.20 and a beta of 1.11. The business's fifty day moving average is $32.56 and its 200 day moving average is $32.51.Dime Community Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Investors of record on Tuesday, January 17th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, January 13th. Dime Community Bancshares's dividend payout ratio (DPR) is 25.74%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on DCOM shares. Raymond James reduced their target price on Dime Community Bancshares from $38.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday. StockNews.com started coverage on Dime Community Bancshares in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Piper Sandler reduced their target price on Dime Community Bancshares to $37.00 in a report on Wednesday, October 5th. Finally, Stephens raised their price objective on Dime Community Bancshares from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, November 14th.
About Dime Community Bancshares
(Get Rating)
The largest community bank headquartered in Brooklyn, New York, chartered on April 19, 1864. The bank specializes in Commercial Mortgage finance in the NY Metro area and services depositors in 24 full service branches throughout Brooklyn, Queens, Nassau, and the Bronx.
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