Semanteon Capital Management LP Acquires New Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Semanteon Capital Management LP bought a new position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,580 shares of the savings and loans company’s stock, valued at approximately $971,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its stake in shares of Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after acquiring an additional 654 shares during the period. KBC Group NV grew its position 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 acquiring an additional 909 shares in the last quarter. USA Financial Formulas bought a new stake in Dime Community Bancshares during the fourth quarter valued at $92,000. GAMMA Investing LLC grew its position in shares of Dime Community Bancshares by 17.4% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after buying an additional 512 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Dime Community Bancshares by 9.4% during the 3rd 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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DCOM. Keefe, Bruyette & Woods dropped their price objective 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 raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Insider Activity

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

Dime Community Bancshares Stock Performance

DCOM stock opened at $28.24 on Friday. The company has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $30.80. 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 quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data 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%. Sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share 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.