2 weeks Ago By ABMN Staff
Cerity Partners LLC trimmed its position in shares of Dime Community Bancshares, Inc. ( NASDAQ:DCOM – Free Report ) by 39.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 7,437 shares of the savings and loans company’s stock after selling 4,859 shares during the quarter. Cerity Partners LLC’s holdings in Dime Community Bancshares were worth $217,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds also recently modified their holdings of the company.
Elizabeth Park Capital Advisors Ltd. boosted its holdings in shares of Dime Community Bancshares by 4.4% in the 4th quarter.
Elizabeth Park Capital Advisors Ltd. now owns 93,814 shares of the savings and loans company’s stock worth $2,883,000 after acquiring an additional 3,988 shares in the last quarter. Wells Fargo & Company MN raised its position in Dime Community Bancshares by 26.
5% in the 4th quarter. Wells Fargo & Company MN now owns 26,402 shares of the savings and loans company’s stock valued at $811,000 after purchasing an additional 5,533 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dime Community Bancshares by 5.
0% in the fourth quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company’s stock worth $27,748,000 after purchasing an additional 42,610 shares in the last quarter. Franklin Resources Inc.
bought a new stake in shares of Dime Community Bancshares during the fourth quarter worth $480,000. Finally, Alliancebernstein L.P.
grew its holdings in shares of Dime Community Bancshares by 50.1% during the fourth quarter. Alliancebernstein L.
P. now owns 56,472 shares of the savings and loans company’s stock worth $1,736,000 after purchasing an additional 18,852 shares during the last quarter. Institutional investors and hedge funds own 75.
27% of the company’s stock. Dime Community Bancshares Stock Performance Shares of NASDAQ:DCOM opened at $26.02 on Friday.
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, Inc. has a 1-year low of $17.
49 and a 1-year high of $37.60. The stock has a market capitalization of $1.
14 billion, a P/E ratio of 44.10 and a beta of 0.96.
The business has a 50-day moving average price of $27.62 and a two-hundred day moving average price of $30.62.
Dime Community Bancshares Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a $0.3438 dividend.
This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.25. This represents a $1.
38 annualized dividend and a dividend yield of 5.28%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 158.
73%. Analyst Ratings Changes A number of research analysts recently issued reports on DCOM shares. Stephens cut their price target on Dime Community Bancshares from $36.
00 to $32.50 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $36.
00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Dime Community Bancshares from $42.
00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.
com upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dime Community Bancshares currently has a consensus rating of “Buy” and an average target price of $36.
88. Read Our Latest Report on Dime Community Bancshares Insider Buying and Selling In related news, Director Basswood Capital Management, L bought 1,043 shares of Dime Community Bancshares stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $31.
23 per share, for a total transaction of $32,572.89. Following the completion of the acquisition, the director now owns 1,043 shares in the company, valued at approximately $32,572.
89. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Raymond A. Nielsen sold 3,000 shares of the business’s 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 transaction, the director now owns 41,185 shares of the company’s stock, valued at $1,287,031.
25. The trade was 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 valued at $48,021 over the last three months. Company insiders own 7.
10% of the company’s stock. Dime Community Bancshares Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding DCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dime Community Bancshares, Inc.
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