Dime Community Bancshares, Inc. $DCOM Position Increased by UBS Group AG

UBS Group AG raised its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 17.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 213,325 shares of the savings and loans company’s stock after buying an additional 31,968 shares during the period. UBS Group AG’s holdings in Dime Community Bancshares were worth $6,419,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC acquired a new position in shares of Dime Community Bancshares in the 4th quarter valued at about $248,000. Sovran Advisors LLC acquired a new position in shares of Dime Community Bancshares in the 4th quarter valued at about $1,065,000. SG Americas Securities LLC increased its holdings in shares of Dime Community Bancshares by 11.9% in the 4th quarter. SG Americas Securities LLC now owns 12,693 shares of the savings and loans company’s stock valued at $382,000 after purchasing an additional 1,347 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Dime Community Bancshares by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 157,812 shares of the savings and loans company’s stock valued at $4,708,000 after purchasing an additional 17,129 shares during the period. Finally, Penn Capital Management Company LLC increased its holdings in shares of Dime Community Bancshares by 20.3% in the 3rd quarter. Penn Capital Management Company LLC now owns 584,810 shares of the savings and loans company’s stock valued at $17,487,000 after purchasing an additional 98,736 shares during the period. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 1,650 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $37.09, for a total transaction of $61,198.50. Following the transaction, the director owned 35,607 shares in the company, valued at $1,320,663.63. This represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods upped their target price on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Stephens upped their target price on Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Piper Sandler assumed coverage on Dime Community Bancshares in a report on Monday, March 16th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, DA Davidson upped their target price on Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Dime Community Bancshares Trading Down 1.2%

NASDAQ:DCOM opened at $35.76 on Wednesday. The stock’s 50 day moving average price is $34.85 and its 200 day moving average price is $32.32. Dime Community Bancshares, Inc. has a 52 week low of $24.57 and a 52 week high of $37.90. The company has a market capitalization of $1.58 billion, a P/E ratio of 15.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. Dime Community Bancshares’s dividend payout ratio is 37.59%.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.