Hsbc Holdings PLC Sells 22,009 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Hsbc Holdings PLC lessened its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 51.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,629 shares of the savings and loans company's stock after selling 22,009 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Dime Community Bancshares worth $633,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Dime Community Bancshares by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock valued at $84,202,000 after purchasing an additional 256,466 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dime Community Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company's stock valued at $70,671,000 after purchasing an additional 71,273 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Dime Community Bancshares in the fourth quarter valued at about $39,073,000. Geode Capital Management LLC lifted its stake in shares of Dime Community Bancshares by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company's stock valued at $27,748,000 after purchasing an additional 42,610 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Dime Community Bancshares by 5.5% in the fourth quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company's stock valued at $23,335,000 after purchasing an additional 39,686 shares during the period. Institutional investors and hedge funds own 75.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DCOM shares. Keefe, Bruyette & Woods dropped their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Stephens lowered their price target on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Piper Sandler upgraded shares of 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. 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 company's stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has an average rating of "Buy" and an average target price of $36.88.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the firm's stock in a transaction dated 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. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the sale, the director now owns 37,147 shares of the company's stock, valued at approximately $1,158,986.40. This represents a 20.90% 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 Stock Performance

Shares of NASDAQ:DCOM traded up $0.09 on Friday, reaching $26.66. 236,042 shares of the company's stock were exchanged, compared to its average volume of 265,119. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 45.19 and a beta of 1.09. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60. The business's 50-day moving average is $26.61 and its two-hundred day moving average is $30.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. The firm had revenue of $103.83 million during the quarter, compared to analyst estimates of $105.83 million. During the same quarter in the prior year, the firm posted $0.38 EPS. As a group, equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.16%. This is a positive change from Dime Community Bancshares's previous quarterly dividend of $0.25. Dime Community Bancshares's dividend payout ratio is 158.73%.

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.