Semanteon Capital Management LP Invests $971,000 in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Semanteon Capital Management LP purchased a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,580 shares of the savings and loans company’s stock, valued at approximately $971,000. Semanteon Capital Management LP owned 0.08% of Dime Community Bancshares as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DCOM. Barclays PLC raised its holdings in shares of Dime Community Bancshares by 91.0% during the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock valued at $2,181,000 after buying an additional 36,076 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dime Community Bancshares by 120.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after buying an additional 263,225 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Dime Community Bancshares during the 4th quarter valued at about $1,635,000. Principal Financial Group Inc. increased its holdings in shares of Dime Community Bancshares by 14.5% in the 4th quarter. Principal Financial Group Inc. now owns 190,264 shares of the savings and loans company’s stock worth $5,848,000 after purchasing an additional 24,145 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in Dime Community Bancshares during the 4th quarter valued at $279,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $38.00 in a research note on Thursday, January 23rd. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Basswood Capital Management, L acquired 1,043 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the acquisition, the director now owns 1,043 shares in the company, valued at approximately $32,572.89. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,729 shares of company stock valued at $48,021 over the last 90 days. 9.10% of the stock is owned by insiders.

Dime Community Bancshares Stock Performance

Shares of DCOM stock opened at $28.24 on Friday. Dime Community Bancshares, Inc. has a 12-month low of $17.49 and a 12-month high of $37.60. The company has a market capitalization of $1.23 billion, a P/E ratio of 47.87 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $30.53 and its two-hundred day moving average is $30.80.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Company 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.