2 weeks Ago By Defense World Staff
Cerity Partners LLC cut its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM – Free Report) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 7,437 shares of the savings and loans company’s stock after selling 4,859 shares during the period. Cerity Partners LLC’s holdings in Dime Community Bancshares were worth $217,000 as of its most recent SEC filing. Other institutional investors have also made changes to their positions in the company.
Elizabeth Park Capital Advisors Ltd. increased its holdings in Dime Community Bancshares by 4.4% in the fourth quarter.
Elizabeth Park Capital Advisors Ltd. now owns 93,814 shares of the savings and loans company’s stock worth $2,883,000 after buying an additional 3,988 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Dime Community Bancshares by 26.
5% during the 4th quarter. Wells Fargo & Company MN now owns 26,402 shares of the savings and loans company’s stock worth $811,000 after purchasing an additional 5,533 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dime Community Bancshares by 5.
0% during the 4th 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 during the last quarter. Franklin Resources Inc.
bought a new position in shares of Dime Community Bancshares during the 4th quarter valued at $480,000. Finally, Alliancebernstein L.P.
lifted its stake in shares of Dime Community Bancshares by 50.1% in the 4th quarter. Alliancebernstein L.
P. now owns 56,472 shares of the savings and loans company’s stock valued at $1,736,000 after purchasing an additional 18,852 shares during the last quarter. 75.
27% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Dime Community BancsharesIn other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $31.
20, for a total value of $306,228.00. Following the completion of the sale, the director now owns 37,147 shares in the company, valued at approximately $1,158,986.
40. This trade represents a 20.90 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This trade 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 valued at $48,021 in the last ninety days.
Company insiders own 7.10% of the company’s stock. Analyst Ratings ChangesSeveral research firms have commented on DCOM.
Keefe, Bruyette & Woods lowered their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th.
Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $38.00 in a report on Thursday, January 23rd.
Stephens reduced their target price on Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating for the company in a report on Wednesday.
Finally, StockNews.com raised Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $36.88.
Check Out Our Latest Stock Report on DCOMDime Community Bancshares Trading Up 0.8 %Dime Community Bancshares stock opened at $26.02 on Friday.
Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 week high of $37.
60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.
03 and a current ratio of 1.03. The firm has a market capitalization of $1.
14 billion, a PE ratio of 44.10 and a beta of 0.96.
The business’s 50-day simple moving average is $27.62 and its 200-day simple moving average is $30.62.
Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.
55 by $0.02. Dime Community Bancshares had a return on equity of 5.
43% and a net margin of 4.50%. The company had revenue of $103.
83 million for the quarter, compared to the consensus estimate of $105.83 million. During the same period in the previous year, the business posted $0.
38 EPS. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.
06 earnings per share for the current year. Dime Community Bancshares Increases DividendThe business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.
3438 per share. This is a boost from Dime Community Bancshares’s previous quarterly dividend of $0.25.
This represents a $1.38 annualized dividend and a yield of 5.28%.
Dime Community Bancshares’s dividend payout ratio is presently 158.73%. Dime Community Bancshares Company 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 ArticlesFive stocks we like better than Dime Community BancsharesRoth IRA Calculator: Calculate Your Potential Returns2 Strong Utilities Plays With Booming Earnings and Room to GrowWhere Do I Find 52-Week Highs and Lows?Why Smart Investors Don’t Panic in Election SeasonWhy Special Dividends Can be a Delightful Surprise for Income InvestorsNow Is the Time to Buy ServiceNow—The Rebound Is RealWant to see what other hedge funds are holding DCOM? Visit HoldingsChannel.
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