Stieven Capital Advisors L.P. raised its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM – Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,543 shares of the savings and loans company’s stock after purchasing an additional 59,300 shares during the period. Dime Community Bancshares accounts for 1.8% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 24th largest holding. Stieven Capital Advisors L.P. owned approximately 0.73% of Dime Community Bancshares worth $9,615,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after buying an additional 884 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after buying an additional 4,446 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Dime Community Bancshares in the 3rd quarter valued at $169,000. Amundi purchased a new position in shares of Dime Community Bancshares in the 3rd quarter valued at $202,000. Finally, ELCO Management Co. LLC purchased a new position in shares of Dime Community Bancshares in the 4th quarter valued at $230,000. 75.27% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DCOM has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Dime Community Bancshares in a research report on Monday, March 16th. They issued an “overweight” rating and a $37.00 target price on the stock. Stephens increased their price target on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. DA Davidson increased their price target on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their price target on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $39.75.
Insider Activity
In related news, Director Raymond A. Nielsen sold 1,650 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $37.09, for a total value of $61,198.50. Following the completion of the sale, the director owned 35,607 shares in the company, valued at $1,320,663.63. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.40% of the stock is currently owned by company insiders.
Dime Community Bancshares Stock Up 0.2%
Shares of NASDAQ:DCOM opened at $36.95 on Friday. Dime Community Bancshares, Inc. has a 1-year low of $24.57 and a 1-year high of $37.90. The stock has a market cap of $1.63 billion, a P/E ratio of 15.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $35.15 and a 200 day moving average price of $32.50.
Dime Community Bancshares Announces Dividend
The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, April 17th. Dime Community Bancshares’s payout ratio is 37.59%.
About Dime Community Bancshares
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.
Further Reading
- Five stocks we like better than Dime Community Bancshares
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
