Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Saybrook Capital NC

Saybrook Capital NC reduced its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,298 shares of the savings and loans company’s stock after selling 588 shares during the period. Dime Community Bancshares accounts for approximately 0.2% of Saybrook Capital NC’s holdings, making the stock its 29th biggest position. Saybrook Capital NC owned approximately 0.07% of Dime Community Bancshares worth $900,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of Dime Community Bancshares by 9.4% in 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 17.4% in 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 in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Dime Community Bancshares by 58.0% in 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 in the last quarter. KBC Group NV raised its holdings 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 worth $83,000 after purchasing an additional 909 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Dime Community Bancshares by 9.4% in the 4th quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company’s stock worth $350,000 after purchasing an additional 978 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Down 1.0 %

DCOM stock opened at $28.44 on Friday. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. The company’s 50 day simple moving average is $31.08 and its 200-day simple moving average is $30.66. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $1.24 billion, a P/E ratio of 48.20 and a beta of 1.04.

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 net margin of 4.50% and a return on equity of 5.43%. As a group, equities research analysts anticipate 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 was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were paid a $0.25 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.52%. Dime Community Bancshares’s dividend payout ratio is presently 169.49%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $39.00 in a report on Monday, November 18th. Finally, Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dime Community Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $36.40.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the completion of the sale, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L bought 1,043 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $31.23 per share, with a total value of $32,572.89. Following the completion of the transaction, the director now directly owns 1,043 shares of the company’s stock, valued at approximately $32,572.89. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,729 shares of company stock worth $48,021 and have sold 14,815 shares worth $471,498. Company insiders own 9.10% of the company’s stock.

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.