Renaissance Technologies LLC Sells 32,549 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Renaissance Technologies LLC decreased its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,155 shares of the savings and loans company’s stock after selling 32,549 shares during the period. Renaissance Technologies LLC owned approximately 0.46% of Dime Community Bancshares worth $5,537,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dime Community Bancshares by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company’s stock worth $84,202,000 after buying an additional 256,466 shares in the last quarter. Wellington Management Group LLP purchased a new position in Dime Community Bancshares in the 4th quarter worth approximately $39,073,000. Geode Capital Management LLC lifted its position in Dime Community Bancshares by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company’s stock valued at $27,748,000 after acquiring an additional 42,610 shares in the last quarter. American Century Companies Inc. boosted its stake in Dime Community Bancshares by 5.5% during the 4th quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company’s stock valued at $23,335,000 after purchasing an additional 39,686 shares during the last quarter. Finally, Stieven Capital Advisors L.P. increased its holdings in shares of Dime Community Bancshares by 86.3% in the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock worth $19,060,000 after purchasing an additional 287,195 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the sale, the director now owns 37,147 shares in the company, valued at approximately $1,158,986.40. This trade represents a 20.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of the company’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 transaction of $93,750.00. Following the completion of the transaction, the director now owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,729 shares of company stock valued at $48,021. 9.10% of the stock is owned by company insiders.

Dime Community Bancshares Stock Down 0.6 %

DCOM stock opened at $25.21 on Monday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 42.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day moving average is $28.06 and its two-hundred day moving average is $30.72. Dime Community Bancshares, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last issued 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, analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

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

Analyst Upgrades and Downgrades

DCOM has been the topic of several recent analyst reports. 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 report on Friday, January 24th. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their price target for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.50.

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.