Bridgeway Capital Management LLC Has $4.82 Million Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Bridgeway Capital Management LLC reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 156,965 shares of the savings and loans company's stock after selling 21,255 shares during the period. Bridgeway Capital Management LLC owned approximately 0.40% of Dime Community Bancshares worth $4,824,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DCOM. Barclays PLC boosted 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 worth $2,181,000 after purchasing an additional 36,076 shares during the period. JPMorgan Chase & Co. lifted its stake in Dime Community Bancshares by 10.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,499 shares of the savings and loans company's stock valued at $1,512,000 after acquiring an additional 5,017 shares in the last quarter. GAMMA Investing LLC boosted its position in Dime Community Bancshares by 17.4% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company's stock worth $106,000 after acquiring an additional 512 shares during the last quarter. USA Financial Formulas bought a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $92,000. Finally, KBC Group NV raised its holdings in shares of Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after purchasing an additional 909 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Stock Performance

Shares of NASDAQ:DCOM traded up $0.15 during trading on Tuesday, reaching $27.52. 37,115 shares of the stock were exchanged, compared to its average volume of 264,685. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month high of $37.60. The stock has a 50-day moving average price of $26.58 and a 200-day moving average price of $30.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.21 billion, a PE ratio of 46.64 and a beta of 1.09.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. During the same period in the previous year, the company posted $0.38 EPS. Research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.3438 dividend. This is an increase from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 annualized dividend and a dividend yield of 5.00%. Dime Community Bancshares's dividend payout ratio is 158.73%.

Insider Buying and Selling

In other news, Director Raymond A. Nielsen sold 3,000 shares of the firm's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L sold 9,815 shares of the business'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 value of $306,228.00. Following the completion of the sale, the director now owns 37,147 shares of the company's stock, valued at approximately $1,158,986.40. This trade represents a 20.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.10% of the stock is owned by insiders.

Analysts Set New Price Targets

DCOM has been the topic of several analyst reports. Keefe, Bruyette & Woods cut 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 report on Friday, January 24th. Piper Sandler upgraded shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Stephens cut their target price 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, StockNews.com upgraded Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. One 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 stock. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of "Buy" and an average price target of $36.88.

Dime Community Bancshares 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.