Dime Community Bancshares, Inc. $DCOM Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 59.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,946 shares of the savings and loans company’s stock after purchasing an additional 32,467 shares during the quarter. Squarepoint Ops LLC owned 0.20% of Dime Community Bancshares worth $2,342,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board increased its position in Dime Community Bancshares by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 134,413 shares of the savings and loans company’s stock worth $3,621,000 after purchasing an additional 9,889 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after buying an additional 4,446 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Dime Community Bancshares by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 25,961 shares of the savings and loans company’s stock worth $699,000 after acquiring an additional 819 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Dime Community Bancshares by 32.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 214,166 shares of the savings and loans company’s stock valued at $5,770,000 after acquiring an additional 52,970 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Dime Community Bancshares in the 2nd quarter valued at $264,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Zacks Research downgraded Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Stephens set a $33.00 price target on Dime Community Bancshares and gave the stock an “equal weight” rating in a report on Tuesday. Finally, DA Davidson set a $36.00 price objective on shares of Dime Community Bancshares in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of “Hold” and a consensus price target of $35.25.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Basswood Capital Management, L bought 20,537 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $26.26 per share, with a total value of $539,301.62. Following the transaction, the director owned 1,034,158 shares of the company’s stock, valued at approximately $27,156,989.08. This trade represents a 2.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raymond A. Nielsen sold 2,200 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $26.29, for a total transaction of $57,838.00. Following the completion of the sale, the director owned 33,985 shares in the company, valued at approximately $893,465.65. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,695 shares of company stock worth $125,809 over the last ninety days. 7.10% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Trading Up 0.9%

NASDAQ:DCOM opened at $31.84 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Dime Community Bancshares, Inc. has a one year low of $23.25 and a one year high of $34.99. The business’s 50-day simple moving average is $28.31 and its 200 day simple moving average is $28.60. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 27.93 and a beta of 1.12.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). Dime Community Bancshares had a net margin of 8.72% and a return on equity of 7.81%. The business had revenue of $116.67 million for the quarter, compared to analyst estimates of $112.75 million. During the same quarter last year, the business earned $0.29 EPS. As a group, sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 3.1%. Dime Community Bancshares’s dividend payout ratio is currently 87.72%.

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.