Dime Community Bancshares, Inc. (NASDAQ:DCOM) Position Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 50.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,472 shares of the savings and loans company’s stock after purchasing an additional 18,852 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Dime Community Bancshares worth $1,736,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in 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 buying an additional 654 shares during the last quarter. KBC Group NV grew its holdings in shares of Dime Community Bancshares by 50.8% during the fourth 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 during the last quarter. USA Financial Formulas bought a new position in shares of Dime Community Bancshares during the fourth quarter valued at approximately $92,000. GAMMA Investing LLC raised 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 worth $106,000 after purchasing an additional 512 shares during the period. Finally, Savant Capital LLC bought a new stake in shares of Dime Community Bancshares in the 4th quarter worth approximately $209,000. Institutional investors own 75.27% of the company’s stock.

Analyst Upgrades and Downgrades

DCOM has been the subject of a number of recent research reports. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price target on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.50.

Insider Buying and Selling

In related news, Director Raymond A. Nielsen sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Basswood Capital Management, L bought 1,043 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $31.23 per share, with a total value of $32,572.89. Following the completion of the purchase, the director now owns 1,043 shares of the company’s stock, valued at approximately $32,572.89. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,729 shares of company stock valued at $48,021 over the last quarter. Corporate insiders own 9.10% of the company’s stock.

Dime Community Bancshares Stock Down 0.6 %

Shares of Dime Community Bancshares stock opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 1-year low of $17.49 and a 1-year high of $37.60. The business’s fifty day moving average price is $28.21 and its two-hundred day moving average price is $30.69. The company has a market capitalization of $1.10 billion, a P/E ratio of 42.73 and a beta of 0.96.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. As a group, research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. Dime Community Bancshares’s dividend payout ratio is presently 169.49%.

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.