Rhino Investment Partners Inc Makes New $1.84 Million Investment in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Rhino Investment Partners Inc bought a new position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 59,935 shares of the savings and loans company's stock, valued at approximately $1,842,000. Rhino Investment Partners Inc owned approximately 0.15% of Dime Community Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC raised 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 valued at $35,000 after purchasing an additional 1,017 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 valued at $55,000 after acquiring an additional 654 shares in the last quarter. KBC Group NV increased its holdings 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 valued at $83,000 after purchasing an additional 909 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Dime Community Bancshares in the 4th quarter valued at $92,000. Finally, GAMMA Investing LLC grew its position in shares of 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 valued at $106,000 after acquiring an additional 512 shares during the period. Institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Trading Down 0.7 %

NASDAQ:DCOM traded down $0.18 during trading hours on Tuesday, reaching $26.31. 67,930 shares of the stock were exchanged, compared to its average volume of 262,402. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 44.48 and a beta of 1.09. Dime Community Bancshares, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. The business has a 50-day moving average of $26.92 and a two-hundred day moving average of $30.45.

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 for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $103.83 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.38 EPS. On average, equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.3438 per share. This is a boost from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 annualized dividend and a dividend yield of 5.23%. Dime Community Bancshares's payout ratio is 158.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 shares of 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 report on Thursday, January 23rd. Stephens reduced their target price on 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, 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $36.88.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction 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 transaction, the director now owns 37,147 shares in the company, valued at approximately $1,158,986.40. This represents a 20.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. 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.