CoreCap Advisors LLC Buys 500 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

CoreCap Advisors LLC boosted its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 125.0% during the fourth quarter, Holdings Channel reports. The firm owned 900 shares of the savings and loans company’s stock after purchasing an additional 500 shares during the quarter. CoreCap Advisors LLC’s holdings in Dime Community Bancshares were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DCOM. Barclays PLC raised its position in Dime Community Bancshares by 91.0% in the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock worth $2,181,000 after acquiring an additional 36,076 shares during the period. JPMorgan Chase & Co. increased its holdings in Dime Community Bancshares by 10.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,499 shares of the savings and loans company’s stock valued at $1,512,000 after acquiring an additional 5,017 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Dime Community Bancshares in the 4th quarter worth $92,000. KBC Group NV grew its stake 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 buying an additional 909 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Dime Community Bancshares by 11.0% in the 4th quarter. State of Alaska Department of Revenue now owns 22,324 shares of the savings and loans company’s stock worth $686,000 after buying an additional 2,217 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DCOM. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Stephens reduced their price target on shares of Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $36.88.

Dime Community Bancshares Stock Up 0.2%

NASDAQ:DCOM opened at $27.30 on Friday. The company has a market cap of $1.20 billion, a PE ratio of 46.27 and a beta of 1.09. Dime Community Bancshares, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. 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 company’s 50 day moving average is $26.53 and its two-hundred day moving average is $30.27.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $103.83 million for the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. During the same period in the prior year, the firm earned $0.38 EPS. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a dividend of $0.3438 per share. This is an increase from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a yield of 5.04%. Dime Community Bancshares’s dividend payout ratio is 158.73%.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the company’s 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 completion of the transaction, the director now directly owns 41,185 shares in the company, valued at approximately $1,287,031.25. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is currently owned by 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.