Dime Community Bancshares, Inc. $DCOM Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,245,286 shares of the savings and loans company’s stock after selling 24,365 shares during the quarter. Systematic Financial Management LP’s holdings in Dime Community Bancshares were worth $37,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DCOM. Larson Financial Group LLC grew its stake in shares of Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after buying an additional 884 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Dime Community Bancshares by 326.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after buying an additional 4,446 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Dime Community Bancshares in the third quarter valued at $169,000. Amundi acquired a new stake in shares of Dime Community Bancshares in the third quarter valued at $202,000. Finally, ELCO Management Co. LLC acquired a new stake in shares of Dime Community Bancshares in the fourth quarter valued at $230,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Raymond A. Nielsen sold 1,650 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $37.09, for a total transaction of $61,198.50. Following the completion of the transaction, the director directly owned 35,607 shares of the company’s stock, valued at $1,320,663.63. The trade was a 4.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DCOM. Keefe, Bruyette & Woods lifted their price objective on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. DA Davidson lifted their price objective on Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Weiss Ratings raised Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Wall Street Zen cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Piper Sandler began coverage on Dime Community Bancshares in a research note on Monday, March 16th. They issued an “overweight” rating and a $37.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Dime Community Bancshares Trading Up 0.2%

DCOM opened at $36.95 on Friday. Dime Community Bancshares, Inc. has a 12 month low of $24.57 and a 12 month high of $37.90. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The business has a fifty day moving average price of $35.15 and a 200 day moving average price of $32.50.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, April 17th. Dime Community Bancshares’s payout ratio is presently 37.59%.

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.