Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Holdings Raised by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 387,102 shares of the savings and loans company’s stock after purchasing an additional 108,954 shares during the period. Prudential Financial Inc. owned about 0.99% of Dime Community Bancshares worth $11,898,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in Dime Community Bancshares by 58.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after buying an additional 654 shares in the last quarter. KBC Group NV increased 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 valued at $83,000 after acquiring an additional 909 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Dime Community Bancshares during the 4th quarter valued at approximately $92,000. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 17.4% during the fourth 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 last quarter. Finally, Quest Partners LLC boosted its holdings in 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 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 stock opened at $27.65 on Friday. The stock’s fifty day moving average is $30.17 and its two-hundred day moving average is $30.92. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 46.87 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. Dime Community Bancshares, Inc. has a 1 year low of $17.49 and a 1 year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last issued 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%. On average, research analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, April 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is 169.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in 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. 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. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L sold 9,815 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the completion of the sale, the director now owns 37,147 shares of the company’s stock, valued at $1,158,986.40. This represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of the firm’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have acquired a total of 1,729 shares of company stock worth $48,021 in the last three months. 9.10% of the stock is owned by company insiders.

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.