Northern Trust Corp Has $13.16 Million Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Northern Trust Corp boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 428,321 shares of the savings and loans company's stock after buying an additional 69,856 shares during the period. Northern Trust Corp owned approximately 1.09% of Dime Community Bancshares worth $13,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Dime Community Bancshares by 861.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after buying an additional 1,017 shares during the period. 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 period. KBC Group NV raised its stake in shares of 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 worth $83,000 after buying an additional 909 shares during the period. USA Financial Formulas acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $92,000. Finally, Savant Capital LLC acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DCOM. Stephens cut their target price on 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. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods cut their target price on 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. Finally, StockNews.com raised Dime Community Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, April 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $36.88.

Dime Community Bancshares Trading Down 1.3%

Shares of Dime Community Bancshares stock traded down $0.34 during trading hours on Wednesday, reaching $26.40. The stock had a trading volume of 9,946 shares, compared to its average volume of 266,292. The firm has a 50 day simple moving average of $26.51 and a two-hundred day simple moving average of $30.20. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 44.79 and a beta of 1.09. The company has a current ratio of 1.03, a quick 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 issued its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $103.83 million during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.38 EPS. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.21%. This is an increase from Dime Community Bancshares's previous quarterly dividend of $0.25. Dime Community Bancshares's payout ratio is currently 158.73%.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.10% of the company's stock.

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.