Tudor Investment Corp ET AL Buys New Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Tudor Investment Corp ET AL acquired a new stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,118 shares of the savings and loans company's stock, valued at approximately $403,000.

Several other institutional investors also recently added to or reduced their stakes in DCOM. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 17.4% in the fourth 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 during the period. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 654 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Dime Community Bancshares by 11.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,386 shares of the savings and loans company's stock worth $258,000 after acquiring an additional 855 shares during the period. KBC Group NV grew 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 worth $83,000 after acquiring an additional 909 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Dime Community Bancshares by 9.4% during the 4th quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company's stock worth $350,000 after acquiring an additional 978 shares during the period. Institutional investors own 75.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DCOM. StockNews.com upgraded Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods decreased 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 report on Friday, January 24th. Stephens decreased their price objective on shares of 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, Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $36.88.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total value of $306,228.00. Following the sale, the director now owns 37,147 shares of the company's stock, valued at approximately $1,158,986.40. This represents a 20.90% decrease in their position. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by insiders.

Dime Community Bancshares Price Performance

DCOM stock traded up $0.79 during midday trading on Monday, hitting $27.37. The company's stock had a trading volume of 382,963 shares, compared to its average volume of 265,590. 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 12 month low of $17.49 and a 12 month high of $37.60. The company has a 50 day moving average of $26.61 and a two-hundred day moving average of $30.35. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 46.39 and a beta of 1.09.

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 (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. The firm had revenue of $103.83 million for the quarter, compared to analysts' expectations of $105.83 million. During the same period in the prior year, the company earned $0.38 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid 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 yield of 5.02%. Dime Community Bancshares's payout ratio is presently 158.73%.

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.