Dime Community Bancshares, Inc. (NASDAQ:DCOM) Position Lessened by Boston Partners

Boston Partners trimmed its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,062,293 shares of the savings and loans company’s stock after selling 6,288 shares during the period. Boston Partners’ holdings in Dime Community Bancshares were worth $32,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stieven Capital Advisors L.P. increased its position in Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock worth $19,060,000 after buying an additional 287,195 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Dime Community Bancshares by 120.9% during the third 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. New York State Common Retirement Fund increased its position in Dime Community Bancshares by 433.6% during the fourth quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company’s stock worth $8,519,000 after buying an additional 225,227 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dime Community Bancshares during the fourth quarter worth $4,850,000. Finally, Great Lakes Advisors LLC acquired a new position in Dime Community Bancshares during the fourth quarter worth $4,572,000. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the sale, the director now directly owns 37,147 shares of the company’s stock, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was 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 in the company, valued at approximately $1,287,031.25. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought a total of 1,729 shares of company stock valued at $48,021 over the last three months. 9.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered 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 research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Dime Community Bancshares Trading Up 0.6 %

Shares of NASDAQ:DCOM opened at $28.37 on Thursday. The company has a market cap of $1.24 billion, a P/E ratio of 48.09 and a beta of 1.04. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $30.82. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. 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 (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) 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%. Equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

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.