Systematic Financial Management LP Grows Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Systematic Financial Management LP boosted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,119,762 shares of the savings and loans company's stock after buying an additional 28,928 shares during the period. Systematic Financial Management LP owned approximately 2.86% of Dime Community Bancshares worth $34,416,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Dime Community Bancshares by 10.3% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dime Community Bancshares by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company's stock worth $70,671,000 after purchasing an additional 71,273 shares during the last quarter. Basswood Capital Management L.L.C. lifted its holdings in Dime Community Bancshares by 1.5% in the 4th quarter. Basswood Capital Management L.L.C. now owns 2,064,565 shares of the savings and loans company's stock worth $63,454,000 after purchasing an additional 30,202 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Dime Community Bancshares by 13.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,209 shares of the savings and loans company's stock worth $61,999,000 after buying an additional 233,417 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Dime Community Bancshares in the fourth quarter worth $39,073,000. Institutional investors and hedge funds own 75.27% of the company's stock.

Insider Activity

In other news, Director Raymond A. Nielsen sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the completion of the transaction, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.10% of the company's stock.

Dime Community Bancshares Trading Down 0.3%

NASDAQ DCOM opened at $27.22 on Friday. The business has a 50 day moving average price of $26.54 and a 200-day moving average price of $30.25. Dime Community Bancshares, Inc. has a 52 week low of $17.49 and a 52 week high of $37.60. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 46.14 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 (NASDAQ:DCOM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $103.83 million for the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $0.38 EPS. As a group, equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal 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 given a dividend of $0.3438 per share. This is a positive change from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 annualized dividend and a dividend yield of 5.05%. Dime Community Bancshares's dividend payout ratio is 158.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DCOM. StockNews.com upgraded Dime Community Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Finally, Stephens dropped their price objective on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. One research 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 stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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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