Dime Community Bancshares, Inc. $DCOM Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 159,216 shares of the savings and loans company’s stock after buying an additional 24,803 shares during the period. Public Sector Pension Investment Board owned about 0.36% of Dime Community Bancshares worth $4,749,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DCOM. Emerald Mutual Fund Advisers Trust bought a new position in Dime Community Bancshares in the second quarter worth about $97,000. GAMMA Investing LLC raised its position in shares of Dime Community Bancshares by 15.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after purchasing an additional 584 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after purchasing an additional 4,446 shares during the last quarter. XTX Topco Ltd acquired a new position in Dime Community Bancshares during the 2nd quarter valued at approximately $229,000. Finally, AlphaQuest LLC acquired a new position in Dime Community Bancshares during the 2nd quarter valued at approximately $235,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stephens raised their target price on Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, CEO Stuart H. Lubow sold 19,550 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $35.07, for a total value of $685,618.50. Following the completion of the sale, the chief executive officer directly owned 202,648 shares of the company’s stock, valued at approximately $7,106,865.36. This represents a 8.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $34.83, for a total transaction of $261,225.00. Following the transaction, the director owned 1,006,319 shares of the company’s stock, valued at approximately $35,050,090.77. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 53,360 shares of company stock valued at $1,844,734. Insiders own 7.10% of the company’s stock.

Dime Community Bancshares Stock Down 2.7%

Dime Community Bancshares stock opened at $34.01 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $23.25 and a 52 week high of $36.86. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 14.41 and a beta of 1.11. The company’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $30.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The company had revenue of $123.85 million during the quarter, compared to analyst estimates of $118.14 million. During the same period in the prior year, the business posted $0.42 EPS. On average, analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 16th. Dime Community Bancshares’s payout ratio is currently 42.37%.

Dime Community Bancshares Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.