Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Ulysses Management LLC

Ulysses Management LLC lowered its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,441 shares of the savings and loans company's stock after selling 39,112 shares during the quarter. Dime Community Bancshares accounts for about 1.1% of Ulysses Management LLC's holdings, making the stock its 14th biggest position. Ulysses Management LLC owned about 0.55% of Dime Community Bancshares worth $6,591,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DCOM. CoreCap Advisors LLC raised its stake in shares of Dime Community Bancshares by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock worth $28,000 after buying an additional 500 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Dime Community Bancshares by 1.6% during the 4th quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company's stock worth $1,250,000 after buying an additional 643 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock worth $55,000 after buying an additional 654 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dime Community Bancshares by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,178 shares of the savings and loans company's stock worth $620,000 after purchasing an additional 714 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Dime Community Bancshares by 11.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,386 shares of the savings and loans company's stock worth $258,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company's stock.

Dime Community Bancshares Stock Down 1.7%

DCOM opened at $26.77 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.37 and a beta of 1.09. The business has a 50-day moving average of $26.52 and a two-hundred day moving average of $30.22. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $103.83 million during the quarter, compared to analysts' expectations of $105.83 million. During the same quarter in the previous year, the business earned $0.38 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.3438 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.14%. This is a boost from Dime Community Bancshares's previous quarterly dividend of $0.25. Dime Community Bancshares's payout ratio is presently 158.73%.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the business's stock in a transaction dated 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 sale, the director now owns 41,185 shares in the company, valued at approximately $1,287,031.25. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on DCOM shares. StockNews.com upgraded Dime Community Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Stephens dropped their price objective on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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.

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