Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Position Increased by Prudential Financial Inc.

Prudential Financial Inc. increased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 39.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 387,102 shares of the savings and loans company’s stock after acquiring an additional 108,954 shares during the period. Prudential Financial Inc.’s holdings in Dime Community Bancshares were worth $11,898,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in 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 acquiring an additional 654 shares in the last quarter. KBC Group NV raised its holdings 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 purchasing an additional 909 shares in the last quarter. USA Financial Formulas acquired a new stake in Dime Community Bancshares during the fourth quarter valued at approximately $92,000. GAMMA Investing LLC boosted its holdings in Dime Community Bancshares by 17.4% during 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 grew its position in 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 during the last quarter. Institutional investors own 75.27% of the company’s stock.

Insider Transactions at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the transaction, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. The trade was a 20.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raymond A. Nielsen sold 3,000 shares of the 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 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 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.

Dime Community Bancshares Trading Down 2.1 %

NASDAQ DCOM opened at $27.65 on Friday. The firm’s 50 day moving average price is $30.17 and its two-hundred day moving average price is $30.92. 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, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 46.87 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 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%. Equities analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 3.62%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 169.49%.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on 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. Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their target price for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

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.