New York State Common Retirement Fund Has $8.52 Million Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

New York State Common Retirement Fund raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 433.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 277,168 shares of the savings and loans company’s stock after purchasing an additional 225,227 shares during the quarter. New York State Common Retirement Fund owned 0.71% of Dime Community Bancshares worth $8,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DCOM. KBC Group NV increased its holdings in 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 bought a new stake in Dime Community Bancshares during the fourth quarter valued at $92,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 512 shares during the period. Quest Partners LLC grew its position in shares of Dime Community Bancshares by 9.4% during the 3rd 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 period. Finally, Nisa Investment Advisors LLC grew its holdings in Dime Community Bancshares by 31.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 75.27% of the company’s stock.

Analysts Set New Price Targets

DCOM has been the topic of a number of research reports. Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their target price on 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, Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $39.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.40.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM opened at $30.66 on Wednesday. The stock has a fifty day moving average of $31.33 and a 200-day moving average of $30.32. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The stock has a market cap of $1.34 billion, a PE ratio of 51.97 and a beta of 1.05. 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 (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share 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 research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio is currently 169.49%.

Insider Transactions at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the transaction, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Basswood Capital Management, L bought 1,043 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $31.23 per share, for a total transaction of $32,572.89. Following the purchase, the director now directly owns 1,043 shares in the company, valued at approximately $32,572.89. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 14,815 shares of company stock worth $471,498. 9.10% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Company 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.