Vanguard Group Inc. Sells 15,135 Shares of Dime Community Bancshares, Inc. $DCOM

Vanguard Group Inc. cut its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,921,319 shares of the savings and loans company’s stock after selling 15,135 shares during the quarter. Vanguard Group Inc. owned about 6.66% of Dime Community Bancshares worth $87,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in 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 bought a new position in shares of Dime Community Bancshares in the third quarter valued at $169,000. Amundi bought a new position in shares of Dime Community Bancshares in the third quarter valued at $202,000. Finally, Aquatic Capital Management LLC grew its stake in shares of Dime Community Bancshares by 32.7% in the third quarter. Aquatic Capital Management LLC now owns 7,767 shares of the savings and loans company’s stock valued at $232,000 after buying an additional 1,915 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,650 shares of Dime Community Bancshares stock in a transaction on Monday, May 11th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stuart H. Lubow sold 19,550 shares of Dime Community Bancshares stock in a transaction on Friday, February 13th. The stock was sold at an average price of $35.07, for a total transaction of $685,618.50. Following the transaction, the chief executive officer directly owned 202,648 shares of the company’s stock, valued at approximately $7,106,865.36. This trade represents a 8.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 7.40% of the company’s stock.

Dime Community Bancshares Trading Down 1.3%

DCOM stock opened at $36.14 on Thursday. 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 company has a fifty day moving average price of $34.57 and a two-hundred day moving average price of $32.06. Dime Community Bancshares, Inc. has a one year low of $24.57 and a one year high of $37.90. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 15.31 and a beta of 1.00.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, April 17th. Dime Community Bancshares’s payout ratio is 37.59%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DCOM shares. Piper Sandler started coverage on shares of Dime Community Bancshares in a research note on Monday, March 16th. They issued an “overweight” rating and a $37.00 target price for the company. Weiss Ratings raised shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Stephens raised their target price on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Wall Street Zen cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.75.

Dime Community Bancshares Company 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.