26,842 Shares in Dime Community Bancshares, Inc. (NASDAQ:DCOM) Bought by PDT Partners LLC

PDT Partners LLC acquired a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,842 shares of the savings and loans company's stock, valued at approximately $825,000. PDT Partners LLC owned about 0.07% of Dime Community Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCOM. Franklin Resources Inc. bought a new position in Dime Community Bancshares during the fourth quarter worth $480,000. Barclays PLC grew its stake in Dime Community Bancshares by 91.0% in the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock valued at $2,181,000 after buying an additional 36,076 shares during the last quarter. Swiss National Bank raised its holdings in Dime Community Bancshares by 18.4% in the 4th quarter. Swiss National Bank now owns 81,602 shares of the savings and loans company's stock valued at $2,508,000 after acquiring an additional 12,700 shares during the period. Alliancebernstein L.P. lifted its position in 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 acquiring an additional 18,852 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Dime Community Bancshares during the fourth quarter worth approximately $4,850,000. 75.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on DCOM shares. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. StockNews.com raised shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens dropped their price objective on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dime Community Bancshares currently has an average rating of "Buy" and a consensus price target of $36.88.

Insider Transactions at Dime Community Bancshares

In related news, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the completion of the transaction, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This represents a 20.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 41,185 shares of the company's stock, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. 7.10% of the stock is owned by insiders.

Dime Community Bancshares Price Performance

DCOM stock traded down $0.13 during midday trading on Tuesday, reaching $26.35. The company had a trading volume of 45,885 shares, compared to its average volume of 262,318. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 44.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60. The stock has a 50 day moving average price of $26.92 and a 200-day moving average price of $30.45.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid 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 5.22%. Dime Community Bancshares's dividend payout ratio (DPR) is presently 158.73%.

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.