Systematic Financial Management LP Raises Stock Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Systematic Financial Management LP grew its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 2.86% of Dime Community Bancshares worth $34,416,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DCOM. CoreCap Advisors LLC lifted its position in Dime Community Bancshares by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Sterling Capital Management LLC increased its position in 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 valued at $35,000 after buying an additional 1,017 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Dime Community Bancshares by 58.0% in 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 buying an additional 654 shares during the last quarter. KBC Group NV boosted its holdings in Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after acquiring an additional 909 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in Dime Community Bancshares in the fourth quarter worth about $92,000. 75.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DCOM. Wall Street Zen raised shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler raised shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Finally, Stephens cut their target price on Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. One investment 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 data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $36.88.

Insider Buying and Selling

In related news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $31.25, for a total transaction of $93,750.00. Following the sale, the director now directly owns 41,185 shares of the company's stock, valued at approximately $1,287,031.25. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.10% of the stock is owned by corporate insiders.

Dime Community Bancshares Stock Performance

NASDAQ DCOM traded down $0.09 on Thursday, hitting $25.55. 43,499 shares of the company's stock traded hands, compared to its average volume of 266,694. The firm's 50-day moving average price is $26.46 and its two-hundred day moving average price is $30.17. The firm has a market capitalization of $1.12 billion, a PE ratio of 43.35 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 posted 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. The company had revenue of $103.83 million during 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 previous year, the firm posted $0.38 earnings per share. As a group, analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.3438 dividend. This is an increase from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.38%. Dime Community Bancshares's dividend payout ratio is presently 158.73%.

Dime Community Bancshares Company 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.