Intech Investment Management LLC Boosts Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Intech Investment Management LLC lifted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 100.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,322 shares of the savings and loans company’s stock after buying an additional 16,719 shares during the period. Intech Investment Management LLC’s holdings in Dime Community Bancshares were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of Dime Community Bancshares by 58.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock worth $55,000 after buying an additional 654 shares in the last quarter. KBC Group NV lifted its stake in shares of Dime Community Bancshares by 50.8% in the fourth 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. USA Financial Formulas purchased a new position in shares of Dime Community Bancshares in the fourth quarter worth about $92,000. GAMMA Investing LLC lifted its stake in shares of Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock worth $106,000 after buying an additional 512 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Dime Community Bancshares by 9.4% in the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after buying an additional 465 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock opened at $27.93 on Friday. Dime Community Bancshares, Inc. has a 12-month low of $17.49 and a 12-month high of $37.60. The stock has a market cap of $1.22 billion, a P/E ratio of 47.34 and a beta of 1.04. The company has a 50-day moving average price of $30.50 and a 200 day moving average price of $30.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69.

Dime Community Bancshares (NASDAQ:DCOM) last released 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 return on equity of 5.43% and a net margin of 4.50%. Sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCOM shares. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods cut 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 report on Friday, January 24th. One research 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. Based on data from MarketBeat.com, the company currently has an average 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 Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the completion of the sale, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total transaction of $93,750.00. Following the sale, the director now owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 1,729 shares of company stock worth $48,021 over the last three months. Insiders own 9.10% of the company’s stock.

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.