Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 100.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,322 shares of the savings and loans company’s stock after purchasing an additional 16,719 shares during the quarter. Intech Investment Management LLC owned about 0.09% of Dime Community Bancshares worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust increased 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 in the last quarter. KBC Group NV increased 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 worth $83,000 after acquiring an additional 909 shares during the period. USA Financial Formulas acquired a new stake in shares of Dime Community Bancshares in the fourth quarter worth $92,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 512 shares during the period. Finally, Quest Partners LLC increased its stake in shares of 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 worth $155,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Stock Down 1.1 %

DCOM stock opened at $27.93 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 47.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $30.50 and its 200 day moving average is $30.85. Dime Community Bancshares, Inc. has a one year low of $17.49 and a one year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 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%. On average, research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DCOM. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods cut 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 note on Friday, January 24th. One 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 company. Based on data from MarketBeat.com, Dime Community Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares 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 transaction of $306,228.00. Following the transaction, the director now directly owns 37,147 shares of the company’s stock, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $31.25, for a total transaction of $93,750.00. Following the transaction, the director now directly owns 41,185 shares in the company, valued at approximately $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. Over the last quarter, insiders have bought 1,729 shares of company stock worth $48,021. 9.10% of the stock is owned by company insiders.

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.