Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,629 shares of the savings and loans company's stock after selling 22,009 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Dime Community Bancshares worth $633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of Dime Community Bancshares by 861.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after purchasing an additional 1,017 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Dime Community Bancshares by 58.0% during the fourth 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 period. KBC Group NV boosted its position in Dime Community Bancshares by 50.8% during the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after acquiring an additional 909 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Dime Community Bancshares in the 4th quarter valued at $92,000. Finally, GAMMA Investing LLC raised its position in shares of Dime Community Bancshares by 17.4% in 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 in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares 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 sale, the director now directly owns 37,147 shares in the company, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on 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 $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.10% of the company's stock.

Dime Community Bancshares Stock Up 0.3 %

Shares of DCOM traded up $0.09 during mid-day trading on Friday, hitting $26.66. 236,042 shares of the company traded hands, compared to its average volume of 264,457. The business has a 50 day moving average of $26.61 and a 200 day moving average of $30.35. The company has a market capitalization of $1.16 billion, a PE ratio of 45.19 and a beta of 1.09. 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, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly 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. The business had revenue of $103.83 million during the quarter, compared to analysts' expectations 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 last year, the company posted $0.38 earnings per share. Equities research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on DCOM shares. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $36.00 to $38.00 in a research note 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 decreased 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 report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered 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 research note on Friday, January 24th. One equities 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.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $36.88.

About Dime Community Bancshares

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.