Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Boston Partners

Boston Partners trimmed its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,062,293 shares of the savings and loans company’s stock after selling 6,288 shares during the quarter. Boston Partners owned about 2.71% of Dime Community Bancshares worth $32,776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DCOM. Parkside Financial Bank & Trust raised its position in shares of 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 worth $55,000 after purchasing an additional 654 shares during the period. KBC Group NV raised its position in shares of 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 worth $83,000 after purchasing an additional 909 shares during the period. USA Financial Formulas acquired a new stake in shares of Dime Community Bancshares during the 4th quarter worth approximately $92,000. GAMMA Investing LLC raised its position 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 purchasing an additional 512 shares during the period. Finally, Quest Partners LLC raised its position in shares of Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after purchasing an additional 465 shares during the period. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Performance

DCOM opened at $28.37 on Thursday. The firm has a market cap of $1.24 billion, a PE ratio of 48.09 and a beta of 1.04. 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 $30.59 and a 200-day simple moving average of $30.82. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60.

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 for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. As a group, equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity

In related news, Director Basswood Capital Management, L sold 9,815 shares of the stock in a transaction on Wednesday, February 12th. The stock was 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 in the company, valued at approximately $1,158,986.40. This trade represents a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $93,750.00. Following the sale, the director now owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 1,729 shares of company stock worth $48,021 over the last quarter. Corporate insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

DCOM has been the subject of a number of recent analyst reports. Piper Sandler raised 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 report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price objective 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 equities 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.50.

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.