Renaissance Technologies LLC Sells 9,461 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Renaissance Technologies LLC decreased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,804 shares of the savings and loans company’s stock after selling 9,461 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of Dime Community Bancshares worth $6,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. boosted its stake in Dime Community Bancshares by 1.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 20,845 shares of the savings and loans company’s stock worth $618,000 after acquiring an additional 332 shares during the last quarter. FMR LLC boosted its stake in Dime Community Bancshares by 10.1% during the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock worth $115,000 after acquiring an additional 357 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Dime Community Bancshares by 12.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock worth $227,000 after acquiring an additional 707 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Dime Community Bancshares by 103.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,830 shares of the savings and loans company’s stock worth $54,000 after acquiring an additional 930 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in Dime Community Bancshares by 11.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 10,670 shares of the savings and loans company’s stock worth $312,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors own 72.38% of the company’s stock.

Dime Community Bancshares Price Performance

NASDAQ DCOM opened at $29.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Dime Community Bancshares, Inc. has a 12-month low of $28.36 and a 12-month high of $36.82. The company has a market capitalization of $1.14 billion, a PE ratio of 7.92 and a beta of 1.08. The firm’s 50 day moving average is $31.42 and its 200-day moving average is $32.09.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 17th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 25.74%.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L sold 2,858 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $31.25, for a total value of $89,312.50. Following the completion of the transaction, the director now directly owns 984 shares of the company’s stock, valued at $30,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 113,855 shares of company stock valued at $3,485,669. 15.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DCOM has been the topic of several research analyst reports. Stephens dropped their target price on shares of Dime Community Bancshares to $35.00 in a report on Thursday, February 9th. Raymond James dropped their target price on shares of Dime Community Bancshares from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, January 30th.

Dime Community Bancshares Profile

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The largest community bank headquartered in Brooklyn, New York, chartered on April 19, 1864. The bank specializes in Commercial Mortgage finance in the NY Metro area and services depositors in 24 full service branches throughout Brooklyn, Queens, Nassau, and the Bronx.